Tag: how often older households move
Introduction There is relatively little known about the geographic mobility of the elderly in general. Despite the stereotype of retiring in Florida, recent work has documented very little home equity changes among the elderly (Venti and Wise 2002, 2004; Anderson, French, and Lam 2004; Fisher et al. 2007), and that most home equity changes ar…
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…