The Effect of Home-ownership on Labor Mobility in The Netherlands
Michiel Van Leuvensteijn and
Pierre Koning ()
No 04-01, Working Papers from Utrecht School of Economics
In various macro-studies, home-ownership is found to hamper job mobility and to increase unemployment. This paper addresses similar issues, but uses a microeconometric framework where both individual job mobility, as well as the probability of being homeowner are modeled simultaneously. Using a panel of individual labor and housing market histories for the period 1989-1998, we estimate a nonparametric model of both job durations and home-ownership. We do not find homeowners to change less from jobs than tenants. Instead, our results suggest that the housing decision is driven by job commitment, and not the reverse. We do however find homeowners to be less vulnerable for unemployment.
Keywords: Duration Models; Labor Mobility (J6); Housing Market Analysis (R2) (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo, nep-lab and nep-ure
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Chapter: The Effect of Home-Ownership on Labour Mobility in the Netherlands (2006)
Journal Article: The effect of home-ownership on labor mobility in the Netherlands (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:use:tkiwps:0401
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