The study attempted to identify if there was a statistically significant link between the unemployment rate in the U.S. and the change in average costs for houses in the U.S. Using data collected by the Federal Reserve and a ordinary least sum regression, it was determined that there was a statistically significant link where upon a 1 % increase in house prices indexed to 1/1/2012 caused a 0.056% decrease in unemployment.
Dr. Sam Schreyer
Economics, Finance, & Accounting
Copyright the Author(s)
"Impact of Housing Prices on Unemployment,"
SACAD: John Heinrichs Scholarly and Creative Activity Days: Vol. 2022, Article 25.
Available at: https://scholars.fhsu.edu/sacad/vol2022/iss2022/25