There is a considerable literature on the effects of imperfections in U.K. rented housing markets in restricting labor mobility. This paper examines the interaction of labor and housing markets, including the owner-occupied sector, more generally. Implications are drawn for the behavior of aggregate wages in the United Kingdom and for the relationship between aggregate unemployment and unfilled vacancies, which in part reflects mismatch between jobs and people. The authors find that lagged regional house prices also have a significant effect on wages. Their models incorporate cross-section evidence on the effect of tenure structure on mobility. They find that changes in unemployment and in sectoral mismatch are more important for wage pressure than are levels. This is consistent with arguments about the roles of insiders and outsiders in wage determination. Copyright 1989 by Blackwell Publishing Ltd
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Volume (Year): 51 (1989) Issue (Month): 2 (March) Pages: 97-136 Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.) This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.