Houses and/or Jobs: Ownership and the Labour Market in Belgian Districts

Daan Isebaert, Freddy Heylen and Carine Smolders

Regional Studies, 2015, vol. 49, issue 8, 1387-1406

Abstract: I sebaert D., H eylen F. and S molders C. Houses and/or jobs: ownership and the labour market in Belgian districts, Regional Studies . A. J. Oswald argues that high rates of homeownership may imply inferior labour market outcomes. Using a panel of forty-two Belgian districts since the 1970s and accounting for other key determinants of employment, this paper confirms the Oswald hypothesis. A 1 percentage point rise in the rate of ownership in a district implies a statistically significant fall in the employment rate by about 0.35 percentage points. This negative effect declines in the fraction of the high-skilled in a district. The results underscore the importance of controlling for unobserved district-specific fixed effects and common time effects, and of appropriately dealing with endogeneity.

Date: 2015
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Related works:
Working Paper: Houses and/or Jobs: Ownership and the Labour Market in Belgian Districts (2011)
Working Paper: Houses and/or jobs: ownership and the labour market in Belgian districts (2010)
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DOI: 10.1080/00343404.2013.837873

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