Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147989
Authors: 
Disney, Richard
Gathergood, John
Year of Publication: 
2016
Series/Report no.: 
CFS Working Paper Series 556
Abstract: 
We examine the impact of house prices on labour supply decisions using UK micro data. We combine household survey data with local level house price measures and controls for local labour demand. Our micro data also allows us to control for individual level income expectations. We find significant house price effects on labour supply, consistent with leisure being a normal good. Labour supply responses to house prices are concentrated among young married female owners and older owners. This finding suggests house prices affect the decisions of marginal workers in the economy. Our estimates imply house prices are economically important for the participation decisions for these workers.
Subjects: 
Labour supply
Wealth effects
House prices
JEL: 
D12
E21
J22
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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