Does homeownership hinder labor market activity? Evidence from housing privatization and restitution in Brno

Arbeitspapier

We study the effects of homeownership on labor force participation and unemployment. We exploit housing privatization and restitution after the fall of communism as a source exogenous assignment of homeowner/renter status, using a unique dataset from the city of Brno, Czech Republic. We do not find any evidence of homeownership hindering labor force participation. In fact, our estimates suggest that homeownership reduces unemployment by four to six percentage points. Homeownership appears to decrease the risk of unemployment by about one third to one half, relative to renters. The estimated effects on labor force participation are systematically around zero.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: MUNI ECON Working Paper ; No. 2019-06

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Labor Force and Employment, Size, and Structure ; Unemployment: Models, Duration, Incidence, and Job Search ; Capitalist Systems: Property Rights ; Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics ; Socialist Systems and Transitional Economies: Political Economy; Property Rights ; Housing Supply and Markets
• Thema: homeownership ; labor force participation ; unemployment ; housing privatization and restitution

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Mikula, Stepan ; Montag, Josef
• Ereignis: Veröffentlichung
• (wer): Masaryk University, Faculty of Economics and Administration
• (wo): Brno
• (wann): 2019

Weitere Informationen

• DOI: doi:10.5817/WP_MUNI_ECON_2019-06
• Handle: http://hdl.handle.net/10419/214866
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ