Are Home Owners Really More Unemployed?

By J. Munch, M. Rosholm, Michael Svarer. Social Science Research Network, 2006

229 citations recorded by the source corpus.

This paper investigates the effects of home-ownership on labour mobility and unemployment duration. We distinguish between finding employment locally or by being geographically mobile. We find that home ownership hampers the propensity to move for job reasons but improves the chances of finding local jobs, which is in accordance with the predictions from our theoretical model. The overall hazard rate into employment is higher for home owners, such that there is a negative correlation between home-ownership and unemployment duration. Our empirical findings thus lend some support for the main mechanism behind the so-called Oswald hypothesis, even if it does not find positive correlation between unemployment duration and home ownership at the individual level.

Subfields: Economics and Econometrics, Finance, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/5469223420029b3733aa7ebbd4529d1a19aa9eab

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

1. Lynn M. Fisher
2. N. Coulson
3. Huw Lloyd-Ellis
4. A. Head

In Finance

1. Lynn M. Fisher
2. N. Coulson
3. Huw Lloyd-Ellis
4. A. Head

In Sociology and Political Science

1. Lynn M. Fisher
2. N. Coulson

Citations in the corpus

• Housing tenure and labor market impacts: The search goes on (2008, methodology): “Pehkonen (1999) using a sample of Finnish regions, comes to a similar conclusion. On the other hand, Barrios Garcia and Rodriguez Hernandez (2004) find little evidence of the Oswald effect in their multivariate model of Spanish regions– rather, they find a negative relationship between the two rates”
• Housing Liquidity, Mobility, and the Labour Market (2012, background): “housing. Conditions ( 15 ) and (14) together imply that employed home owners are also”
• Does High Home-Ownership Impair the Labor Market? (2013, unknown): “A modern literature includes Battu et al. (2008), Coulson and Fisher (2002, 2009), Dohmen (2005), Head and Lloyd-Ellis (2012), Van Leuvensteijn and Koning (2004), Munch et al. (2006), Rouwendal and Nijkamp (2010), Smith and Zenou (2003), and Zabel (2012).”
• What are the social benefits of homeownership? Experimental evidence for low-income households (2010, unknown): “This has been explored empirically by Green and Hendershott (2001), Coulson and Fisher (2002, 2009), Van Leuvensteijn and Koning (2004), and Munch et al. (2006, 2008), among others.”