Home-ownership and unemployment: a French test of the Oswald hypothesis

Florent Sari ()

Revue d'économie régionale et urbaine, 2015, vol. mai, issue 1, 211-250

Abstract: In a series of papers, Andrew Oswald (1996, 1999) has argued that a major explanation of unemployment in Oecd countries is the increase of home-ownership. In this work, we try to test the Oswald Hypothesis for French employment areas. We analyse the effect of home-ownership rate and other residential status on unemployment rate. We use a generalized spatial two-stage least squares (Gs2sls) procedure in order to account for two forms of spatial dependence in our data (a spatial autocorrelation in the dependent variable and a spatial autocorrelation in the error terms), but also endogeneity of residential status. Our findings are in contradiction with the Oswald hypothesis. Indeed, all other things being equal, a high home-ownership rate is associated with a low unemployment rate.

Keywords: endogeneity; residential status; spatial autocorrelation; unemployment (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=RERU_151_0211 (application/pdf)
http://www.cairn.info/revue-d-economie-regionale-et-urbaine-2015-1-page-211.htm (text/html)
free

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:cai:rerarc:reru_151_0211

Access Statistics for this article

More articles in Revue d'économie régionale et urbaine from Armand Colin
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().