TY - JOUR
T1 - The effect of home-ownership on labor mobility in the Netherlands
AU - van Leuvensteijn, Michiel
AU - Koning, Pierre
PY - 2004/5
Y1 - 2004/5
N2 - 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.
AB - 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.
KW - Duration models
KW - Housing market analysis
KW - Labor mobility
UR - http://www.scopus.com/inward/record.url?scp=2342567798&partnerID=8YFLogxK
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U2 - 10.1016/j.jue.2003.12.001
DO - 10.1016/j.jue.2003.12.001
M3 - Article
AN - SCOPUS:2342567798
SN - 0094-1190
VL - 55
SP - 580
EP - 596
JO - Journal of Urban Economics
JF - Journal of Urban Economics
IS - 3
ER -
