Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/179302
Authors: 
Broulíková, Hana M.
Huber, Peter
Montag, Josef
Sunega, Petr
Year of Publication: 
2018
Series/Report no.: 
WIFO Working Papers 548
Abstract: 
Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that limit their job search to local labour markets. Empirical tests of this prediction have yielded mixed results so far, possibly due to the endogeneity of homeownership. This paper documents that the privatisation of public housing in Central and Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual households. This facilitates a new test of the effects of homeownership on mobility and unemployment. We find only weak evidence that homeowners are less willing to move and no evidence of higher unemployment risks relative to renters.
Subjects: 
Homeownership
housing privatization
mobility
unemployment
JEL: 
J61
J64
P14
P26
Document Type: 
Working Paper
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