Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322632 
Year of Publication: 
2004
Series/Report no.: 
Discussion Papers Series No. 04-01
Publisher: 
Utrecht University, Utrecht School of Economics, Tjalling C. Koopmans Research Institute, Utrecht
Abstract: 
In various macro-studies, home-ownership is found to hamper job mobility and to increase unemployment. This paper addresses similar issues, but uses a microeconometric framework where both individual job mobility, as well as the probability of being homeowner are modeled simultaneously. Using a panel of individual labor and housing market histories for the period 1989-1998, we estimate a nonparametric model of both job durations and home-ownership. We do not find homeowners to change less from jobs than tenants. Instead, our results suggest that the housing decision is driven by job commitment, and not the reverse. We do however find homeowners to be less vulnerable for unemployment.
Subjects: 
Duration Models
Labor Mobility (J6)
Housing Market Analysis (R2)
Document Type: 
Working Paper

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