Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/214866
Authors: 
Mikula, Stepan
Montag, Josef
Year of Publication: 
2019
Series/Report no.: 
MUNI ECON Working Paper No. 2019-06
Abstract: 
We study the effects of homeownership on labor force participation and unemployment. We exploit housing privatization and restitution after the fall of communism as a source exogenous assignment of homeowner/renter status, using a unique dataset from the city of Brno, Czech Republic. We do not find any evidence of homeownership hindering labor force participation. In fact, our estimates suggest that homeownership reduces unemployment by four to six percentage points. Homeownership appears to decrease the risk of unemployment by about one third to one half, relative to renters. The estimated effects on labor force participation are systematically around zero.
Subjects: 
homeownership
labor force participation
unemployment
housing privatization and restitution
JEL: 
J21
J64
P14
P25
P26
R31
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.