Laurent Gobillon

L'impact des contraintes d'emprunt sur la mobilité résidentielle et les choix entre location et propriété

We present a simple demand model which allows to study the impact of borrowing constraints on the residential mobility and tenure choices of households. At each period, a household chooses between staying in his current dwelling, moving and renting, and moving and owning. Moving implies paying a fixed cost. Households have access to a credit market but loans are subject to spe cific constraints. The model is able to generate all observed residential trajectories.