A Conjecture on the Explanation for High Unemployment in the Industrialized Nations: Part I
The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics
The paper conjectures that the high unemployment of the Western economies has been produced by the decline of the private house-rental market and the rise of home-ownership. Evidence is provided for the developed nations, the states of the USA, and the regions of the UK, Italy, France and Sweden. Although its calculations should be viewed as tentative, the paper's results imply that a 10 percentage point rise in the owner-occupation rate is associated with an increase of approximately 2 percentage points in the unemployment rate. This would be sufficient to explain a significant part of the rise in joblessness in the industrialized countries.
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (107) Track citations by RSS feed
Downloads: (external link)
http://www2.warwick.ac.uk/fac/soc/economics/resear ... 5-1998/twerp_475.pdf
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:wrk:warwec:475
Access Statistics for this paper
More papers in The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics
Contact information at EDIRC.
Series data maintained by Helen Neal ().