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La propriété immobilière est-elle un obstacle pour sortir du chômage ?

Author

Listed:
  • Carole Brunet

    (LED - Laboratoire d'Economie Dionysien - UP8 - Université Paris 8 Vincennes-Saint-Denis)

  • Nathalie Havet

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

  • Jean-Yves Lesueur

    (GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This study uses microeconomic data to test ?Oswald?s hypothesis?, which postulates a link between rising homeownership rates and longer unemployment spells. We contribute to the existing literature by contrasting econometric results for France and the United States, whose labour and housing markets function and interact in very different ways. Using unemployment-spell samples from the French part of the European Community Household Panel and the Panel Study of Income Dynamics, both covering?1994-2001, we estimate mixed proportional hazard models incorporating simultaneous behaviours in the housing and labour markets. Our main results indicate that homeownership is not significantly related to longer unemployment spells in the United States, while French homeowners exhibit faster re-employment rates than renters.
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Suggested Citation

  • Carole Brunet & Nathalie Havet & Jean-Yves Lesueur, 2012. "La propriété immobilière est-elle un obstacle pour sortir du chômage ?," Post-Print halshs-00664834, HAL.
    • Handle: RePEc:hal:journl:halshs-00664834
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    Cited by:

    1. Denis Anne, 2019. "Aides à la mobilité et insertion sociale," Erudite Ph.D Dissertations, Erudite, number ph19-03 edited by Yannick L'Horty, December.

    More about this item

    Keywords

    Statut résidentiel; durée de chômage; hypothèse d'Oswald;
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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