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The puzzle of job search and housing tenure. A reconciliation of theory and empirical evidence
Morescalchi, Andrea - Volkswirtschaftliche Fakultät, … - 2014
Oswald's thesis posits that workers who own their own home should have longer unemployment spells due to restricted mobility, but repeatedly the reverse is found. We contribute to shed light on this puzzle in two key ways. First, we show that the thesis holds when stated in terms of search...
Persistent link: https://www.econbiz.de/10011110804
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Homeownership and Labour Market Behaviour: Interpreting the Evidence
Rouwendal, Jan; Nijkamp, Peter - Tinbergen Instituut - 2007
causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on …, there are clear indications that there is also an effect of homeownership on the search for jobs on the local labour market …
Persistent link: https://www.econbiz.de/10011257004
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Do long distance moves discourage homeownership? evidence from England
Ha, Sejeong; Hilber, Christian A. L. - London School of Economics (LSE) - 2013
We hypothesize that as the distance of a residential move increases, the cost of collecting information on the destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill-informed housing purchase decision increases, reducing the...
Persistent link: https://www.econbiz.de/10011126634
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Not always for richer or poorer: The effects of income shocks and house price changes on marital dissolution
Battu, Harminder; Brown, Heather; Costa-Gomes, Miguel - European Regional Science Association - 2013
There has been much informal speculation on how changes in economic circumstances contribute to partnership dissolution; however there has been little empirical work testing these speculations. This paper aims to shed light on how micro level factors such as receiving a financial windfall and...
Persistent link: https://www.econbiz.de/10010740461
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Homeownership and Labour Market Outcomes: Micro versus Macro Performances
Beugnot, Julie; Lacroix, Guy; Charlot, Olivier - Institute for the Study of Labor (IZA) - 2014
In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate … following an (exogenous) increase in homeownership rates. We show that (1) Oswald's hypothesis does not always hold as it … depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market …
Persistent link: https://www.econbiz.de/10010959797
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Homeownership and Labour Market Behaviour: Interpreting the Evidence
Rouwendal, Jan; Nijkamp, Peter - Tinbergen Institute - 2007
causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on …, there are clear indications that there is also an effect of homeownership on the search for jobs on the local labour market …
Persistent link: https://www.econbiz.de/10005144526
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Do Long Distance Moves Discourage Homeownership? Evidence from England
Ha, Sejeong; Hilber, Christian A. L. - Spatial Economics Research Centre, LSE - 2013
We hypothesize that as the distance of a residential move increases, the cost of collecting information on the destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill-informed housing purchase decision increases, reducing the...
Persistent link: https://www.econbiz.de/10010696180
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Housing transfer taxes and household mobility: Distortion on the housing or labour market?
Lyytikäinen, Teemu; Hilber; Christian, A. L. - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2013
We estimate the effect of the UK Stamp Duty Land Tax on household mobility using micro data. Exploiting a discontinuity in the tax schedule as a quasiexperimental setting, we isolate the impact of the stamp duty from other determinants of mobility. We compare homeowners with self-assessed house...
Persistent link: https://www.econbiz.de/10010699342
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Sectoral Mobility and Unemployment with Heterogeneous Moving Costs
Lkhagvasuren, Damba; Nitulescu, Roy - Department of Economics, Concordia University - 2011
A simple equilibrium model of sectoral reallocation is developed in order to study the impact of heterogeneous moving costs on unemployment. The model blends key elements of standard sectoral reallocation theory and the competitive search model. Heterogeneity in moving costs is introduced via...
Persistent link: https://www.econbiz.de/10010721323
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Escaping Famine through Seasonal Migration
Bryan, Gharad; Chowdhury, Shyamal; Mobarak, Ahmed Mushfiq - Economic Growth Center, Economics Department - 2013
explained qualitatively by a model in which migration is risky, mitigating risk requires individual-specific learning, and some …
Persistent link: https://www.econbiz.de/10010878000