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The impact of housing market institutions on labour mobility; a European cross-country comparison

Author

Listed:
  • Michiel van Leuvensteijn

    (CPB Netherlands Bureau for Economic Policy Analysis)

  • Thomas de Graaff

    (CPB Netherlands Bureau for Economic Policy Analysis)

Abstract

In this paper, we study the effects of housing market institutions on labour mobility. We construct durations for individuals leaving their current job for a different job, becoming unemployed or leaving the labour market, from a sample of households from 14 European countries in 1994–2001. We merge this data with country specific housing market institutions, such as transaction taxes, and language and religion diversity. Similar to previous studies, estimated hazards indicate that home-ownership reduces job-to-job mobility as well as the probability to become unemployed or economically inactive on a individual level. However, a comparison between countries reveals that countries with high levels of homeownership rates also have high levels of unemployment. Therefore, this paper is able to reconcile the seemingly contrasting empirical results from both the macroeconomic and the microeconomic level.

Suggested Citation

  • Michiel van Leuvensteijn & Thomas de Graaff, 2007. "The impact of housing market institutions on labour mobility; a European cross-country comparison," CPB Discussion Paper 82, CPB Netherlands Bureau for Economic Policy Analysis.
  • Handle: RePEc:cpb:discus:82
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    Cited by:

    1. Nathalie Havet & Carole Brunet, 2009. "Propriété immobilière et déqualifications dans l'emploi," Revue Française d'Économie, Programme National Persée, vol. 24(1), pages 121-155.
    2. Andrea Morescalchi, 2016. "The Puzzle Of Job Search And Housing Tenure: A Reconciliation Of Theory And Empirical Evidence," Journal of Regional Science, Wiley Blackwell, vol. 56(2), pages 288-312, March.
    3. Nathalie Havet & Alexis Penot, 2010. "Does Homeownership Harm Labour Market Performances? A Survey," Working Papers 1012, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    4. Carole Brunet & Nathalie Havet, 2011. "Homeownership and job-match quality in France," Working Papers 1131, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.

    More about this item

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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