publication . Article . 1997

Reexamining the Impact of Employee Relocation Assistance on Housing Prices

Marcus T. Allen; Ronald C. Rutherford; Thomas M. Springer;
Open Access
  • Published: 01 Jan 1997 Journal: Journal of Real Estate Research, volume 13, issue 1, pages 67-76
In this paper, we reexamine the issue of whether corporate relocation assistance programs for transferred employees significantly affect sale prices of single-family homes. We estimate a hedonic price equation that includes physical housing characteristics, location factors, occupancy status, and type of seller for a sample of 2,441 transactions. Seller types include (a) transferred employees who were given direct relocation assistance, (b) transferred employees who were not given direct relocation assistance, and (c) sellers who were not facing an employment transfer. After controlling for vacancy and tenant occupancy, we find that houses sold by transferred em...
free text keywords: jel:L85

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