This article explores new evidence from the U.S. Census Bureau’s Survey of Income and Program Participation (SIPP) on the extent to which “house lock”—the reluctance of households to sell their homes in a declining house price environment—has contributed to the elevated unemployment rate since 2008.
On This PageSeptember 2011, No. 290
How Much Has House Lock Affected Labor Mobility and the Unemployment Rate?
Last Updated: 07/18/11