Housing, Mobility and Unemployment
By Thomas J. Dohmen. Social Science Research Network, 2005
119 citations recorded by the source corpus.
This paper develops a model that shows why high-skilled workers move more and are therefore unemployed less than low-skilled workers. The model can explain the paradoxical empirical regularity that higher owner-occupation rates are associated with higher levels of unemployment although home-owners tend to be unemployed less. The choice of housing tenure affects moving costs and thereby regional mobility and unemployment. The paper analyzes the impact of symmetric and asymmetric shocks on mobility and unemployment, and discusses effects of government intervention in the housing market. In addition, it is shown that moving costs reduce job search effort and search effectiveness.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/12e1031f9dc3f542c157bea21013d9a5b19aa0a5
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- Andrew J. Oswald
- David G. Blanchflower
- Lynn M. Fisher
- Huw Lloyd-Ellis
- A. Head
- N. Coulson
- Roy Thurik
- David Bell
In Finance
Citations in the corpus
- Housing tenure and labor market impacts: The search goes on (2008, background): “Dohmen (2005) The model of Dohmen (2005) likewise posits a market with two locations.”
- Does High Home-Ownership Impair the Labor Market? (2013, background): “As a fourth possibility, a formal model in the literature by Dohmen (2005) predicts that high ownership can be associated with high unemployment.”
- Public Housing and Unemployment: Skills and Spatial Mismatch in Postindustrial Hong Kong (2011, unknown): “The first examines the relationship between residential mobility and employment (Oswald, 1996; Dohmen, 2005; Wasmer and Zenou, 2006).”
- Housing Liquidity, Mobility, and the Labour Market (2012, methodology): “Since we require that unemployed renters are indi¤erent with respect to their location (16) and employed renters do not move from the high-wage city to the low-wage one (17), we may express the Bellman equations for renters as:”