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Title:Are Home Owners Really More Unemployed? PDF Logo
Authors:Munch, Jakob Roland
Rosholm, Michael
Svarer, Michael
Issue Date:2003
Series/Report no.:IZA Discussion paper series 872
Abstract: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.
Subjects:home ownership
labour mobility
unemployment duration
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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