Home equity and mobility

This figure plots the coefficient estimates from our IV regressions that estimate the effect of LTV on labor mobility. We exclude LTV bucket (0.3,0.4] as base for comparison. The dots represent the estimates from the regression while the vertical bars represent standard errors at 95|$\%$| level that are clustered at the zipcode level. Panel A plots estimates for our main sample while Panel B plots estimates for the placebo sample which consists of individuals who reside in the same zipcode and work for the same firm with the same job role as individuals in the main sample but do not have an open mortgage account in their name (‘renters’). All coefficients and standard errors are scaled by 100 for the ease of interpretation.