I suspected that was what you meant. The association makes sense. Home ownership reduces people's willingness to pick up and move, especially because unemployment is associated with the decline in housing prices. Of course, correlation is not proof, but I cannot think of a greater causal relationship.
On Sat, Feb 19, 2011 at 3:48 PM, hari kumar <[email protected]> wrote: > > Michael: > Cofounders? I don't understand. > Hari: M: This graphic depiction only shows an associaion, it is hardly > showing a causal relationship. Of course any randomised comparison is > impossible - I am not suggesting it would be possible. However, what makes > for the strength of this association? Are there *other* independent > relationships that suggest it "may be a truely" causative one? > H > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
