The effect of home-ownership on labor mobility in the Netherlands
AbstractIn 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.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Urban Economics.
Volume (Year): 55 (2004)
Issue (Month): 3 (May)
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Web page: http://www.elsevier.com/locate/inca/622905
Other versions of this item:
- Michiel van Leuvensteijn & Pierre Koning, 2004. "The Effect of Home-ownership on Labor Mobility in The Netherlands," Working Papers 04-01, Utrecht School of Economics.
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies
- R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
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