Are Home Owners Really More Unemployed?

Arbeitspapier

This paper investigates the effects of home-ownership on labour mobility and unemployment duration. We distinguish between finding employment locally or by being geographically mobile. We find that home ownership hampers the propensity to move for job reasons but improves the chances of finding local jobs, which is in accordance with the predictions from our theoretical model. The overall hazard rate into employment is higher for home owners, such that there is a negative correlation between home-ownership and unemployment duration. Our empirical findings thus lend some support for the main mechanism behind the so-called Oswald hypothesis, even if it does not find positive correlation between unemployment duration and home ownership at the individual level.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 872

Classification and Topics

• Classification: Wirtschaft ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics ; Unemployment: Models, Duration, Incidence, and Job Search ; Geographic Labor Mobility; Immigrant Workers ; Duration Analysis; Optimal Timing Strategies
• Subject: home ownership ; labour mobility ; unemployment duration ; Grundbesitz ; Arbeitsmobilität ; Arbeitslosigkeit ; Dauer ; Schätzung ; Dänemark

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Munch, Jakob Roland ; Rosholm, Michael ; Svarer, Michael
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2003

Further information

• Handle: http://hdl.handle.net/10419/20119
• Last update: 10.03.2025, 11:41 AM CET