Locked in by Leverage: Job Search during the Housing Crisis

We are grateful to the data management team at the company that provided the application data for this research. Shumiao Ouyang and Jiaheng Yu provided excellent research assistance. For helpful comments, we also thank Effi Benmelech, Henrik Cronqvist, Thomas Davidoff, Anthony DeFusco, Brian Melzer, as well as seminar participants at Georgetown University, McGill University, University of British Columbia, University of Notre Dame, University of Miami, University of Regensburg, University of Southern California, and LMU Munich Workshop on Natural Experiments and Controlled Field Studies. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.