@techreport{NBERw5181,
 title = "Residential Mobility and Mortgages",
 author = "Sewin Chan",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "5181",
 year = "1995",
 month = "July",
 URL = "http://www.nber.org/papers/w5181",
 abstract = {Mortgage applications are a detailed and accurate source of household information that is verified by underwriters, making it a more accurate data source than self-reported survey answers.  This paper discusses how mortgage data can be applied to areas of economics outside mortgage finance.  As a supplement to variables from the application form, the self-selection of mortgage points is used to infer expected mobility.  A duration model of housing spells is estimated, and the points indicator is shown to be highly significant in predicting mobility for low loan-to-value borrowers.  The findings demonstrate the potential fruitfulness of using this new data source.},
}