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On the Aggregate Housing Market Implications of Labour Market Change

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  • Meen, Geoffrey
  • Andrew, Mark

Abstract

Labor markets in the United Kingdom have undergone important structural changes in recent years. Given the close relationship between labor and housing markets, these changes are likely to have had knock-on effects to housing. This paper examines the quantitative evidence in this area in terms of aggregate housing demand and house prices, set in a life-cycle framework. The paper finds evidence of structural change in the 1990s in the traditional relationships used to predict house price movements which can, at least partly, be attributed to changes in the labor market. Copyright 1998 by Scottish Economic Society.

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Bibliographic Info

Article provided by Scottish Economic Society in its journal Scottish Journal of Political Economy.

Volume (Year): 45 (1998)
Issue (Month): 4 (September)
Pages: 393-419

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Handle: RePEc:bla:scotjp:v:45:y:1998:i:4:p:393-419

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Cited by:
  1. Jan Rouwendal & Arno van der Vlist, 2005. "A dynamic model of commutes," Environment and Planning A, Pion Ltd, London, vol. 37(12), pages 2209-2232, December.
  2. Meen, Geoffrey, 2002. "The Time-Series Behavior of House Prices: A Transatlantic Divide?," Journal of Housing Economics, Elsevier, vol. 11(1), pages 1-23, March.
  3. Cho, Seong-Hoon & Clark, Christopher D. & Park, William M., 2006. "Two Dimensions of the Spatial Distribution of Housing: Dependency and Heterogeneity across Tennessee’s Six Metropolitan Statistical Areas," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(02), August.
  4. Cho, Seong-Hoon & Clark, Christopher D. & Park, William M., 2005. "Projecting Spatial Pattern of Housing Growth in Tennessee," 2005 Annual meeting, July 24-27, Providence, RI 19392, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  5. Anundsen, André K. & Jansen, Eilev S., 2013. "Self-reinforcing effects between housing prices and credit," Journal of Housing Economics, Elsevier, vol. 22(3), pages 192-212.
  6. Arno J. van der Vlist & Cees Gorter & Peter Nijkamp & Piet Rietveld, 2002. "Residential Mobility and Local Housing Market Differences," Tinbergen Institute Discussion Papers 02-003/3, Tinbergen Institute.
  7. Steven Clark & T. Coggin, 2009. "Trends, Cycles and Convergence in U.S. Regional House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 39(3), pages 264-283, October.
  8. André K. Anundsen & Eilev S. Jansen, 2013. "Self-reinforcing effects between housing prices and credit: an extended version," Discussion Papers 756, Research Department of Statistics Norway.
  9. Arno J. van der Vlist & Cees Gorter & Peter Nijkamp & Piet Rietveld, 2002. "Residential Mobility and Local Housing Market Differences," Tinbergen Institute Discussion Papers 02-003/3, Tinbergen Institute.
  10. Muellbauer, John & Williams, David M, 2011. "Credit Conditions and the Real Economy: The Elephant in the Room," CEPR Discussion Papers 8386, C.E.P.R. Discussion Papers.

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