Housing and labor market distortions in Poland : linkages and policy implications
Poland's housing and macroeconomic policies have restricted investments in housing and urban infrastructure to a level well below that of other European countries. This has resulted in a shortage of housing typified by 15 to 20 year waits for government sponsored housing. Shortages of this magnitude are likely to cause distortions with impacts on patterns of savings and consumption, the price level, and on the functioning of labor markets. This paper focuses particularly on how housing market distortions are transmitted to labor markets, with impacts on rates of migration, relative wage levels among different regions, and, by implication, on the productivity of the Polish work force. The basic thesis of the paper is that if housing markets are prevented from reaching their competitive equilibrium that labor markets will similarly be prevented. Evidence is examined on the extent of housing and labor market disequilibria, and estimates econometric models that relate internal migration and relative wages to alternative measures of housing market disequilibria. From these analyses it is concluded that labor markets are in fact distorted by housing market distortions, with potentially major macroeconomic costs.
|Date of creation:||30 Jun 1988|
|Contact details of provider:|| Postal: 1818 H Street, N.W., Washington, DC 20433|
Phone: (202) 477-1234
Web page: http://www.worldbank.org/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Burns, Leland S & Grebler, Leo, 1976. " Resource Allocation to Housing Investment: A Comparative International Study," Economic Development and Cultural Change, University of Chicago Press, vol. 25(1), pages 95-121, October.
When requesting a correction, please mention this item's handle: RePEc:wbk:wbrwps:361. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.