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Unemployment, vacancies and housing tenure

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  • Gaetano Lisi

    (University of Cassino and Southern Lazio)

Abstract

This theoretical paper develops a simple extension of the standard search and matching model that aims at clarifying the effects of housing tenure on labour market outcomes. Indeed, at the microeconomic level, employment status affects housing tenure choice, since the employed have more possibility of buying a home with respect to the unemployed. Instead, at the macroeconomic level, the relation is more complex and interesting to investigate, since it involves aggregate and indirect effects. The main novelty of this analysis is that the combination of the various forms of housing tenure status and employment status of individuals is crucial in deriving the actual effect of a specific housing tenure on vacancies and unemployment.

Suggested Citation

  • Gaetano Lisi, 2018. "Unemployment, vacancies and housing tenure," Letters in Spatial and Resource Sciences, Springer, vol. 11(3), pages 333-341, October.
    • Handle: RePEc:spr:lsprsc:v:11:y:2018:i:3:d:10.1007_s12076-018-0216-3
    DOI: 10.1007/s12076-018-0216-3
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    References listed on IDEAS

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    More about this item

    Keywords

    Unemployment; Vacancies; Job search; Housing tenure; Housing costs;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand
    • R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets

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