The Effects of Housing Distortions on Unemployment
AbstractThis paper attempts to measure the effects of U.K. government intervention in the housing market on mobility and unempl oyment. Incentives to move from areas of high to those of low unemployment are penalized by the interaction of social security, ren t subsidies, and other market distortions, such as union power. A regional unemployment model along these lines is specified and estimated for pooled U.K. data on eleven Standard Economic Regions fr om 1963 to 1979. The results assign a significant role to an index of housing distortion, unionization, rate poundage, and to regional demand composition. The total effect of housing distortion on unemployment is estimated tentatively at 1.8 percent. Copyright 1988 by Royal Economic Society.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 40 (1988)
Issue (Month): 2 (June)
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Other versions of this item:
- Ashton, Paul & Minford, Patrick & Peel, Michael, 1987. "The Effects of Housing Distortions on Unemployment," CEPR Discussion Papers 191, C.E.P.R. Discussion Papers.
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- Paul Flatau & Matt Forbes & Patric H. Hendershott, 2003. "Homeownership and Unemployment: The Roles of Leverage and Public Housing," NBER Working Papers 10021, National Bureau of Economic Research, Inc.
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