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作者

来源

来源 JOURNAL OF URBAN ECONOMICS,Vol.56,P.580-596

语言

英文

关键字

J6;R2;Duration models;Labor mobility;Housing market analysis

作者单位

Netherlands Bureau for Economic Policy Analysis, PO Box 80510, 2508 GM, The Hague, The Netherlands"}]},{"#name":"affiliation","$":{"id":"AFF002;Utrecht School of Economics (USE), Utrecht, The Netherlands"}]},{"#name":"correspondence","$":{"id":"COR001;Netherlands Bureau for Economic Policy Analysis, PO Box 80510, 2508 GM, The Hague, The Netherlands"}]},"AFF002":{"#name":"affiliation","$":{"id":"AFF002;Utrecht School of Economics (USE), Utrecht, The Netherlands"}]}},"correspondences":{"COR001":{"#name":"correspondence","$":{"id":"COR001

摘要

In various macro-studies, home-ownership is found to hamper job mobility and to increase unemployment. This paper addresses similar issues, but uses a micro-econometric 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 to unemployment.