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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.55,P.566-586

语言

英文

关键字

Residential mobility;Job changes;Uncertainty;Residential location;R230;J610;C350

作者单位

Institute of Economics, Academia Sinica, Nankang, Taipei, Taiwan"}]},{"#name":"affiliation","$":{"id":"aep-affiliation-id3;Department of Public Finance, National Cheng Chi University, Taiwan"}]}]}],"floats":[],"footnotes":[],"affiliations":{"aep-affiliation-id2":{"#name":"affiliation","$":{"id":"aep-affiliation-id2;Institute of Economics, Academia Sinica, Nankang, Taipei, Taiwan"}]},"aep-affiliation-id3":{"#name":"affiliation","$":{"id":"aep-affiliation-id3;Department of Public Finance, National Cheng Chi University, Taiwan"}]}},"attachments":[],"correspondences":{},"scopusAuthorIds":{},"articles":{}},"authorMetadata":[],"banner":{"expanded":false},"biographies":{},"body":{},"browser":{"name":"IE","engine":"Trident

摘要

This paper empirically investigates households' residential mobility and job change decisions under uncertainty. We allow households' degree of risk aversion to be a confounding factor in the joint decision of residential mobility and job changes. Using panel data to estimate a random effects multinomial probit model of households' joint decision of residential and job mobility, our empirical results show that risk aversion discourages a household from making any changes. Moreover, when compared to single changes in either job or residential locations, risk aversion is more discouraging for joint changes to more central residential locations and less discouraging for joint changes to more distant residential locations. These effects are statistically significant, albeit small in magnitude. Our empirical results demonstrate the uncertainty does play a role in households' job and residential mobility decisions.