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Unemployment and home-ownership

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  • Jaakko Pehkonen
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    Abstract

    Oswald (mimeo, University of Warwick, 1996) theorizes that a secular rise in homeownership constitutes a possible explanation for the observed rise in unemployment in Europe. Our results provide support for this notion. In particular, the results based on the regional data on Finnish labour districts imply that a 10% difference in the owneroccupation rate is associated with a 1 percentage point difference in the unemployment rate. The results are tentative, since the regressions are based on a small number of observations.

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    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/135048599353186&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
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    Bibliographic Info

    Article provided by Taylor and Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 6 (1999)
    Issue (Month): 5 ()
    Pages: 263-265

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    Handle: RePEc:taf:apeclt:v:6:y:1999:i:5:p:263-265

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    Cited by:
    1. Oliver Lerbs, 2011. "Is there a link between homeownership and unemployment? Evidence from German regional data," International Economics and Economic Policy, Springer, vol. 8(4), pages 407-426, December.
    2. Dietz, Robert D. & Haurin, Donald R., 2003. "The social and private micro-level consequences of homeownership," Journal of Urban Economics, Elsevier, vol. 54(3), pages 401-450, November.

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