Older Americans On The Go: Financial and Psychological Effects of Moving

Esteban CalvoKelly Haverstick Natalia A. Zhivan

IB#9-19

The brief’s key findings are:

  • Planners move by choice; reactors move by shock.
  • Movers who plan saw large gains in their home equity during 1994-2004; movers with shocks saw large losses.
  • Moving improves psychological well-being for both planners and reactors.