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Home Ownership, Job Duration, and Wages

Author

Listed:
  • Jakob Roland Munch
  • Michael Rosholm
  • Michael Svarer

    (Department of Economics, University of Aarhus, Denmark)

Abstract

We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labour market. In addition, there is a clear negative effect of home ownership on the unemployment risk and a positive impact on wages. These results are robust to different strategies for correcting for the possible endogeneity of the home owner variable.

Suggested Citation

  • Jakob Roland Munch & Michael Rosholm & Michael Svarer, 2006. "Home Ownership, Job Duration, and Wages," Economics Working Papers 2006-06, Department of Economics and Business Economics, Aarhus University.
    • Handle: RePEc:aah:aarhec:2006-06
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Home ownership; job mobility; duration model;
    All these keywords.

    JEL classification:

    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis

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