Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/179302 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
WIFO Working Papers No. 548
Verlag: 
Austrian Institute of Economic Research (WIFO), Vienna
Zusammenfassung: 
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.
Schlagwörter: 
Homeownership
housing privatization
mobility
unemployment
JEL: 
J61
J64
P14
P26
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
484.38 kB





Publikationen in EconStor sind urheberrechtlich geschützt.