Archive: Esteban Calvo
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…
Abstract The lore on whether older Americans move is mixed. While the familiar stereotype is that retirees flock to Florida or Arizona, prior studies have found that their home equity rises modestly over time, suggesting that they tend to stay put. This paper examines moving trends, determinants, and consequences using the original cohort of t…
