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Keywords:

  • internal migration;
  • employment— housing interlink;
  • hyperbolic tangent transformation

Abstract

The effect of employment growth on internal migration depends on corresponding adjustments of the local housing market. If employment growth in a geographical area is accompanied by a sharp increase in housing prices, the net outcome may be net out-migration rather than migration gain. In the present paper, this concept is tested using statistical data available for 47 prefectures in Japan. The analysis covers the two five-year periods of 1983–87 and 1988–92, and confirms that the use of a combined representation of employment and housing variables makes it possible to improve considerably the performance of an empirical migration model. Copyright © 2001 John Wiley & Sons, Ltd.