Statut résidentiel et durée de chômage: une comparaison microéconométrique entre la Grande-Bretagne et la France

Carole Brunet, Andrew Clark and Jean-Yves Lesueur ()
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Jean-Yves Lesueur: GATE CNRS

No 613, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: The objective of this paper is to provide microeconomic evidence for the so called “Oswald’s hypothesis”, which is whether homeownership results in negative outcomes in the labour market. To estimate this effect we use two data base, comparing results from British Household Permanent Survey and French part of European Household Panel Survey. In a first step, a multinomial logit model for the choice of tenure status is estimated. Estimated probabilities of being either homeowner, public or private renter are then used to explain the length of an individual unemployment spell. This flexible method of estimation accounts for both censoring and selection bias, without constraining the shape of the hazard rate of leaving unemployment. Results suggested strong differences between French and British household behaviour. Home-ownership has a positive effect on unemployment duration in France but no significant effect is detected in Britain. However we find a positive impact of public renters on unemployment duration in Britain. These stylised facts seems to confirm the existence of a real spillover effect between labour market and housing market

Keywords: unemployment duration; mobility; residential status (search for similar items in EconPapers)
JEL-codes: C41 J6 R21 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2006-11
New Economics Papers: this item is included in nep-dcm, nep-eec, nep-lab and nep-ure
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Citations: View citations in EconPapers (1)

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ftp://ftp.gate.cnrs.fr/RePEc/2006/0613.pdf (application/pdf)

Related works:
Working Paper: Statut résidentiel et durée de chômage: une comparaisonmicroéconométrique entre la Grande-Bretagne et la France (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:0613

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