Home Ownership, Job Duration, and Wages

Jakob Munch, Michael Rosholm and Michael Svarer

Economics Working Papers from Department of Economics and Business Economics, Aarhus University

Abstract: 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 labour 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.

Keywords: Home ownership; job mobility; duration model (search for similar items in EconPapers)
JEL-codes: J6 R2 (search for similar items in EconPapers)
Pages: 24
Date: 2006-05-02
New Economics Papers: this item is included in nep-geo, nep-lab, nep-ltv and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Home ownership, job duration, and wages (2008)
Working Paper: Home Ownership, Job Duration and Wages (2006)
Working Paper: Home Ownership, Job Duration, and Wages (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:aah:aarhec:2006-06

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