Volume 35 - Article 36 | Pages 1079–1100
Loss aversion and duration of residence
By Philip S. Morrison, William A.V. Clark
References
Akerlof, G.A. and Schiller, R.J. (2009). Animal spirits: How human psychology drives the economy and why it matters for global capitalism. Princeton: Princeton University Press.
Alonso, W. (1960). A theory of the urban land market. Papers and Proceedings of the Regional Science Association 6(1): 149−158.
Barberis, N.C. (2013). Thirty years of prospect theory in economics: A review and assessment. The Journal of Economic Perspectives 27(1): 173−196.
Bauernschulster, S., Falck, O., Heblich, S., and Suedekum, J. (2014). Why are educated and risk-loving persons more mobile across regions? Journal of Economic Behaviour and Organisation 98: 56−69.
Beck, U. (1999). World risk society. Malden: Polity Press.
Bhugra, D. (2004). Migration and mental health. Acta Psychiatrica Scandinavica 109(4): 243−258.
Carter, S. and McBride, M. (2013). Experienced utility versus decision utility: Putting the ‘S’ in satisfaction. The Journal of Socio-Economics 42: 13−23.
Champion, A. and Shuttleworth, I. (2015). Are people moving home less? An analysis of address changing in England and Wales, 1971−2011, using the ONS Longitudinal Study. London School of Economics, Spatial Economics Research Center (SERCDP0177).
Chan, S. (2001). Spatial lock-in: Do falling house prices constrain residential mobility? Journal of Urban Economics 49(3): 567−586.
Clark, W.A.V. and Dieleman, F. (1996). Households and housing: Choice and outcomes in the housing market. New Brunswick: Centre for Urban Policy Research, Rutgers University.
Clark, W.A.V., Duque, R., and Palomares, I. (2015). Place attachment and the decision to stay in the neighborhood. Population Space and Place .
Clark, W.A.V. and Huff, J.O. (1977). Some empirical tests of duration-of-stay effects in intraurban migration. Environment and Planning A 9(12): 1357−1374.
Clark, W.A.V. and Lisowski, W. (2016). Decisions to move and decisions to stay: Life course events and mobility outcomes. Housing Studies : 1−19.
Cooke, T. (2012). Internal migration in decline. Professional Geographer 65(4): 664−675.
Cooke, T.J. (2011). It is not just the economy: Declining migration and the rise of secular rootedness. Population, Space and Place 17(3): 193−203.
Daveri, F. and Faini, R. (1999). Where do migrants go? Oxford Economic Papers 51(4): 595−622.
David, P.A. (1976). Fortune, risk, and the micro-economics of migration. In: David, P.A. and Revev, M.W. (eds.). Nations and households in economic growth. New York: Academic Press.
DeGroot, C., Mulder, C., Das, M., and Manting, D. (2011). Life events and the gap between intention to move and actual mobility. Environment and Planning A 43(1): 48−66.
DeGroot, C., Mulder, C., and Manting, D. (2011). Intentions to move and actual housing behaviour. Housing Studies 26(3): 307−328.
DellaVigna, S. (2009). Psychology and economics: Evidence from the field. Journal of Economic Literature 47(2): 315−372.
Fernandez-Carro, C. and Evandrou, M. (2014). Staying put: Factors associated with ageing in one’s ‘lifetime home.’ Insights from the European context. Research on Ageing and Social Policy 2: 28−56.
Fischer, P.A. and Malmberg, G. (2001). Settled people don’t move: On life course and (im-)mobility in Sweden. International Journal of Population Geography 7(5): 357−371.
Genesove, D. and Mayer, C. (2001). Loss aversion and seller behaviour: Evidence from the housing market. The Quarterly Journal of Economics 116(4): 1233−1260.
Goodman, A. (2002). Estimating equilibrium housing demand for ‘stayers'. Journal of Urban Economics 51(1): 1−24.
Gordon, I.R. and Molho, I. (1995). Duration dependence in migration behaviour: Cumulative inertia versus stochastic change. Environment and Planning A 27(12): 1961−1975.
Harris, J.R. and Todaro, M.D. (1970). Migration, unemployment and development: A two-sector analysis. American Economic Review 60: 126−142.
Hart, R.A. (1975). Interregional economic migration: Some theoretical considerations (Part II). Journal of Regional Science 15(3): 289−305.
Haurin, D.R. and Gill, H.L. (2002). The impact of transaction costs and the expected length of stay on homeownership. Journal of Urban Economics 51(3): 563−584.
Headey, B. (1993). An economic model of subjective well-being: Integrating economic and psychological theories. Social Indicators Research 28(2): 97−116.
Heitmueller, A. (2005). Unemployment benefits, risk aversion, and migration incentives. Journal of Population Economics 18(1): 93−112.
Hey, J. and McKenna, C. (1979). To move or not to move? Economica 46(182): 175−185.
Huff, J.O. and Clark, W.A.V. (1978). Cumulative stress and cumulative inertia: A behavioural model of the decision to move. Environment and Planning A 10(10): 1101−1119.
Jaeger, D.A., Dohmen, T., Falk, A., Huffman, D., Sunde, U., and Bonin, H. (2010). Direct evidence on risk attitudes and migration. The Review of Economics and Statistics 92(3): 684−689.
Kahneman, D. (1999). Objective happiness. In: Kahneman, D., Diener, E., and Schwarz, N. (eds.). Well-being: The foundations of hedonic psychology. New York: Russell Sage Foundation: 3−25.
Kahneman, D. (2011). Thinking, fast and slow. New York: Farrar, Straus and Giroux.
Kahneman, D., Diener, E., and Schwarz, N. (1999). Well-being: The foundations of hedonic psychology. New York: Russell Sage Foundation.
Kahneman, D., Krueger, A.B., Schkade, D., Schwarz, N., and Stone, A.A. (2006). Would you be happier if you were richer? A focusing illusion. CEPS Working Paper (125 ).
Kahneman, D. and Tversky, A. (1979). Prospect theory: An analysis of decisions under risk. Econometrica 47(2): 313−327.
Kan, K. (1999). Expected and unexpected residential mobility. Journal of Urban Economics 45(1): 72−96.
Kulu, H. and Steele, F. (2013). Interrelationships between childbearing and housing transitions in the family life course. Demography 50(5): 1687−1714.
Light, A. and Ahn, T. (2010). Divorce as risky behaviour. Demography 47(4): 895−921.
Lu, M. (1998). Analysing migration decision making; relationships between residential satisfaction, mobility intentions, and moving behaviour. Environment and Planning A 30(8): 1473−1495.
Lu, M. (1999). Determinants of residential satisfaction: Ordered logit vs regression models. Growth and Cange 30(2): 264−287.
Lu, M. (1999). Do people move when they say they will? Inconsistencies in individual migration behaviour. Population and Environment. A Journal of Interdisciplinary Studies 20: 467−488.
Maclennan, D. (1982). Housing economics: An applied approach. Harlow: Longman.
Marsh, A. and Gibb, K. (2011). Uncertainty, expectations and behavioural aspects of housing market choices. Housing, Theory and Society 28(3): 215−235.
Molloy, R., Smith, C.L., and Wozniak, A. (2011). Internal migration in the United States. Washington Federal Reserve Board. Divisions of Research & Statistics and Monetary Affairs.
Moon, B. (1995). Paradigms in migration research: Exploring ‘moorings’ as a schema. Progress in Human Geography 19(4): 504−524.
Morrison, P.A. (1967). Duration of residence and prospective migration: The evaluation of a stochastic model. Demography 4(2): 553−561.
Mulder, C. (2006). Population and housing: A two-sided relationship. Demographic Research 15(13): 401−412.
Nowok, B., Van Ham, M., Findlay, A., and Gayle, V. (2013). Does migration make you happy? A longitudinal study of internal migration and subjective wellbeing. Environment and Planning A 45(4): 986−1002.
Oishi, S. (2010). The psychology of residential mobility: Implications for the self, social relationships, and well-being. Perspectives on Psychological Science 5(1): 5−21.
Oishi, S., Krochik, M., Roth, D., and Shereman, G.D. (2011). Residential mobility, personality, and subjective and physical well-being: An analysis of cortisol secretion. Social Psychological and Personality Science 3(2): 153−161.
Oishi, S. and Talhelm, T. (2012). Residential mobility: What psychological research reveals. Current Directions in Psychological Science 21(6): 425−430.
Oswald, A.J. (1999). The housing market and Europe’s unemployment: A non-technical paper. Warwick University.
Rabin, M. (1998). Psychology and economics. Journal of Economic Literature 36(1): 11−46.
Schkade, D.A. and Kahneman, D. (1998). Does living in California make people happy? A focusing illusion in judgements of life satisfaction. Psychological Science 9(5): 340−346.
Schmidt, L. (2008). Risk preferences and the timing of marriage and childbearing. Demography 45(2): 439−460.
Sell, R.R. and De Jong, G.F. (1983). Deciding whether to move: Mobility, wishful thinking, and adjustment. Sociology and Social Research 67: 146−165.
Simon, H.A. (1982). Models of bounded rationality. Vol. 2: Behavioural economics and business organisation. Cambridge: MIT Press.
Sloan, M. and Morrison, P.S. (2016). The post-move satisfaction of internal migrants. Migration Studies 4(1): 97−115.
Smith, T.R. (1979). A note on the consequences of risk aversion and age for duration-of-stay effects in a heterogeneous population. Geographical Analysis 11(2): 183−188.
Smith, T.R. (1979). Migration, risk aversion, and regional differentiation. Journal of Regional Science 19(1): 31−45.
Thomas, M.J., Stillwell, J.C.H., and Gould, M.I. (2016). Modelling the duration of residence and plans for future residential relocation: A multilevel analysis. Transactions of the Institute of British Geographers 41(3): 297−312.
Umblijs, J. (2012). The effect of networks and risk attitudes on the dynamics of migration. International Migration Institute, IMI Working Papers.