Home Ownership, Job Duration and Wages
By J. Munch, M. Rosholm, Michael Svarer. Social Science Research Network, 2006
148 citations recorded by the source corpus.
We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labor market. In addition, there is a clear negative effect of home ownership on the unemployment risk and a positive impact on wages. These results are robust to different strategies for correcting for the possible endogeneity of the home owner variable.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/dac89e874ae3c5780e16aa0f44ba7189ce5936f1
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
In Finance
Citations in the corpus
- HOUSING TENURE, JOB MOBILITY AND UNEMPLOYMENT IN THE UK* (2008, methodology): “To identify the model we follow Munch et al. (2006a) where identification of the tenure status on job and unemployment duration is achieved by having multiple spells on individuals and having a subset of individuals going through different housing tenures within the sample (Abbring and Van Den…”
- What are the social benefits of homeownership? Experimental evidence for low-income households (2010, unknown): “Munch et al. (2008) also exploited longitudinal data.”
- Housing tenure and labor market impacts: The search goes on (2008, background): “However in Munch, Rosholm, and Svarer (2008) the authors find that owners earn higher wages than renters 12Casas-Arce and Saiz (2006) note that there is a correlation between poor legal protection for landlords which leads to lower aggregate rental tenure and more owner-occupation.”