A European Cross-Country Comparison of the Impact of Homeownership and Transaction Costs on Job Tenure

Thomas Graaff () and Michiel Van Leuvensteijn

Regional Studies, 2013, vol. 47, issue 9, 1443-1461

Abstract: De Graaff T. and van Leuvensteijn M. A European cross-country comparison of the impact of homeownership and transaction costs on job tenure, Regional Studies . This paper looks at the impacts across European countries of homeownership and transaction costs on job tenure. The analysis is based on a representative household sample of fourteen European countries covering the period 1994--2001. These data are merged with country-specific transaction tax data and aggregate homeownership rates. Similar to previous microeconomic studies, the results indicate that homeownership reduces job mobility as well as the probability of becoming unemployed or economically inactive. It is found, however, that this effect is severely mitigated by two factors. First, it decreases when aggregate homeownership rates are higher. Thus, homeowners have larger job tenures, but more so in countries with low homeownership rates. Second, transaction costs on the housing market are positively associated with the probability of becoming unemployed.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://hdl.handle.net/10.1080/00343404.2011.626761 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:regstd:v:47:y:2013:i:9:p:1443-1461

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CRES20

DOI: 10.1080/00343404.2011.626761

Access Statistics for this article

Regional Studies is currently edited by Ivan Turok

More articles in Regional Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().