Urban economic theory considers housing and employment decisions to be closely related, as people weigh their commuting and housing costs, earnings, and relative tastes in housing in their choices. The best choices, however, are often burdened with short-term impediments. Changing one’s housing and job both involve transaction costs. Also, employment decisions are made by individuals, whereas housing decisions are made by households.
Posted Year: 2005
Authors: U.S. Department of Housing and Urban Development
Download Link:
/Publications/pdf/Moving_and_Commuting.pdf
Month:
January 2005
Publication Icon:
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Pages:
18 Pages