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Home ownership, labour markets and the economic crisis

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  • Bouyon, Sylvain

Abstract

In recent decades, a growing body of academic literature has focused on the possible negative effects of high levels of home ownership, especially on labour markets. More-than-optimal levels of home ownership may impede the mobility of workers, resulting in higher unemployment rates in some European regions. Against that backdrop, a simple model was devised to test the relationship between home ownership, mobility and unemployment. Recent macroeconomic data published by Eurostat suggest that both the variables of mobility and home ownership have had a significant impact on the dynamics of unemployment rates across the EU28. This ECRI Commentary is one of two on the topic of home ownership in the EU, published simultaneously by the same author; ECRI Commentary No.15, entitled �Recent trends in EU home ownership� looks at the major developments since the crisis of 2008.

Suggested Citation

  • Bouyon, Sylvain, 2015. "Home ownership, labour markets and the economic crisis," ECRI Papers 10690, Centre for European Policy Studies.
    • Handle: RePEc:eps:ecriwp:10690
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    File URL: http://www.ceps.eu/system/files/ECRI%20Commentary%20No%2014%20SB%20Home%20ownership%20and%20labour%20markets%20FINAL--.pdf
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    References listed on IDEAS

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    Cited by:

    1. William Cochrane & Jacques Poot, 2020. "Did the post-1986 decline in the homeownership rate benefit the New Zealand labour market? A spatial-econometric exploration," Asia-Pacific Journal of Regional Science, Springer, vol. 4(1), pages 261-284, February.

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