Do homeowners stay unemployed longer ? A French micro-econometric study

Carole Brunet and Jean-Yves Lesueur ()
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Jean-Yves Lesueur: GATE - Groupe d'analyse et de théorie économique - UL2 - Université Lumière - Lyon 2 - ENS LSH - Ecole Normale Supérieure Lettres et Sciences Humaines - CNRS - Centre National de la Recherche Scientifique

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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. In a first step, a multinomial logit model for the choice of tenure status is estimated. Estimated probabilities of being either homeowner, renter or housed free of charge 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 from a 3,965 individuals French data set suggest that homeownership has a positive effect on unemployment duration.

Keywords: duration model; job search; mobility; residential status; selectivity bias; biais de sélection; mobilité; modèle de durée; recherche d'emploi; statut résidentiel (search for similar items in EconPapers)
Date: 2003-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00178576
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Citations: View citations in EconPapers (8)

Published in 2003

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00178576

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