Home-ownership and the Labour Market: Evidence from Rental Housing Market Deregulation

Jani-Petri Laamanen

No 1389, Working Papers from Tampere University, Faculty of Management and Business, Economics

Abstract: Perhaps the most common finding relating housing to the labour market is that high home-ownership rates are associated with higher unemployment. In contrast, recent micro-evidence suggests that homeowners have relatively favourable labour market outcomes. We explore the effect of home-ownership on unemployment exploiting a rental housing market deregulation reform which created exogenous variation in home-ownership across regions, allowing us to avoid the endogeneity problem in earlier studies. While home-owners are less likely to experience unemployment, an increase in the home-ownership rate causes unemployment to rise. Externalities arising from consumption reductions and increased job competition may explain the conflicting evidence.

Keywords: Home-ownership; unemployment (search for similar items in EconPapers)
JEL-codes: J64 R31 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2013-05
References: Add references at CitEc
Citations: View citations in EconPapers (19)

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http://urn.fi/URN:ISBN:978-951-44-9148-1 First version, 2013 (application/pdf)

Related works:
Journal Article: Home-ownership and the Labour Market: Evidence from Rental Housing Market Deregulation (2017)
Working Paper: Home-ownership and the Labour Market: Evidence from Rental Housing Market Deregulation (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:tam:wpaper:1389

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