Unsettled: Job Insecurity Reduces Home-Ownership

Anthony Lepinteur, Andrew Clark and Conchita D'Ambrosio

Working Papers from HAL

Abstract: We here evaluate the link between job insecurity and one of the most-important decisions that individuals take: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise in job insecurity for younger workers. A difference-in-differences analysis of panel data from the European Community Household Panel shows that this greater job insecurity significantly reduced the probability of becoming a homeowner. This drop seems more attributable to individual preferences rather than greater capital constraints, consistent with individuals reducing their exposure to long-term financial commitments in more-uncertain environments.

Keywords: Homeownership; Job Insecurity; Employment Protection; Difference-in-Differences (search for similar items in EconPapers)
Date: 2024-05
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04589079v1
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Working Paper: Unsettled: Job insecurity reduces home-ownership (2024)
Working Paper: Unsettled: job insecurity reduces home-ownership (2024)
Working Paper: Unsettled: Job Insecurity Reduces Home-Ownership (2024)
Working Paper: Unsettled: Job Insecurity Reduces Home-Ownership (2024)
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