Out‐of‐area home purchase and U.S. internal migration

IF 3.2 3区经济学 Q1 ECONOMICS

Journal of Regional Science Pub Date : 2024-08-26 DOI:10.1111/jors.12730

Minghao Li, Pengfei Liu, Chuan Tang

引用次数: 0

Abstract

This study demonstrates that out‐of‐area (OOA) property transactions can serve as a proxy for migration. Using micro‐level transaction data, we document that about 35% of migrants make OOA property purchases. The goodness‐of‐fit between migration and OOA purchases is higher for aggregate migration measures and lower for migration flows between disaggregated areas. Furthermore, in most specifications, a one percent increase in OOA purchases is associated with an approximately one percent increase in migration. We characterize the monthly out‐migration from NYC zip codes to surrounding areas after the outbreak of the COVID‐19 pandemic to demonstrate the high temporal and spatial resolution of OOA transaction data.

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地区外购房和美国国内移民

本研究表明，区外（OOA）房产交易可以作为移民的替代指标。利用微观层面的交易数据，我们记录了约 35% 的移民购买了海外房地产。对于总体移民措施而言，移民与 OOA 购买之间的拟合优度较高，而对于分类地区之间的移民流而言，两者之间的拟合优度较低。此外，在大多数情况下，OOA 购买量每增加 1%，移民人数就会增加约 1%。我们描述了 COVID-19 大流行爆发后从纽约市邮政编码向周边地区的月度外迁情况，以展示 OOA 交易数据的高时空分辨率。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Regional Science Multiple-

CiteScore

4.90

自引率

6.70%

发文量

期刊介绍： The Journal of Regional Science (JRS) publishes original analytical research at the intersection of economics and quantitative geography. Since 1958, the JRS has published leading contributions to urban and regional thought including rigorous methodological contributions and seminal theoretical pieces. The JRS is one of the most highly cited journals in urban and regional research, planning, geography, and the environment. The JRS publishes work that advances our understanding of the geographic dimensions of urban and regional economies, human settlements, and policies related to cities and regions.