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
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.
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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
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 ().