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Statut résidentiel et durée de chômage : une comparaison microéconométrique entre la Grande-Bretagne et la France

Author

Listed:
  • Carole Brunet

    () (GATE CNRS)

  • Andrew Clark

    () (DELTA CNRS)

  • Jean-Yves Lesueur

    () (GATE CNRS)

Abstract

The objective of this paper is to provide microeconomic evidence for the so called “Oswald’s hypothesis”, which is whether homeownership results in negative outcomes in the labour market. To estimate this effect we use two data base, comparing results from British Household Permanent Survey and French part of European Household Panel Survey. In a first step, a multinomial logit model for the choice of tenure status is estimated. Estimated probabilities of being either homeowner, public or private renter are then used to explain the length of an individual unemployment spell. This flexible method of estimation accounts for both censoring and selection bias, without constraining the shape of the hazard rate of leaving unemployment. Results suggested strong differences between French and British household behaviour. Home-ownership has a positive effect on unemployment duration in France but no significant effect is detected in Britain. However we find a positive impact of public renters on unemployment duration in Britain. These stylised facts seems to confirm the existence of a real spillover effect between labour market and housing market

Suggested Citation

  • Carole Brunet & Andrew Clark & Jean-Yves Lesueur, 2006. "Statut résidentiel et durée de chômage : une comparaison microéconométrique entre la Grande-Bretagne et la France," Working Papers 0613, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
  • Handle: RePEc:gat:wpaper:0613
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    Cited by:

    1. Stéphane Pallage & Lyle Scruggs & Christian Zimmermann, 2009. "Unemployment Insurance Generosity: A Transatlantic Comparison," Annals of Economics and Statistics, GENES, issue 95-96, pages 15-23.

    More about this item

    Keywords

    unemployment duration; mobility; residential status;

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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