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Home Ownership, Job Duration, and Wages

Jakob Munch, Michael Rosholm () and Michael Svarer ()

No 2006-08, CAM Working Papers from University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics

Abstract: We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labour market. In addition, there is a clear negative effect of home ownership on the unemployment risk and a positive impact on wages. These results are robust to different strategies for correcting for the possible endogeneity of the home owner variable.

Keywords: home ownership; job mobility; duration model (search for similar items in EconPapers)
JEL-codes: J6 R2 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eec and nep-ure
Date: 2006-05
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http://www.econ.ku.dk/cam/wp0910/wp0406/2006-08.pdf/ (application/pdf)

Related works:
Journal Article: Home ownership, job duration, and wages (2008) Downloads
Working Paper: Home Ownership, Job Duration, and Wages (2006) Downloads
Working Paper: Home Ownership, Job Duration and Wages (2006) Downloads
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