Homeownership, Social Renting, and Labour Mobility across Europe

Graaff, Thomas de; Leuvensteijn, Michiel van; Ewijk, C. van

doi:10.1093/acprof:oso/9780199543946.003.0004

Cited by 17 publications

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“…All these components aim to remove any financial restrictions opposing starting a new job. Germany has a rather low rate of home-ownership: 44 percent of all housing in Germany between 1994 and 2001 was owner-occupied, whereas the European average was about 71 percent in this period (De Graaf, Van Leuvensteijn, and Van Ewijk, 2009). This would suggest that the German labor market is relatively flexible compared to other European countries.…”

Section: The German Housing Marketmentioning

confidence: 99%

“…Hence, contrary to home-owners in other European countries, German home-owners could not simply sell their homes while making a reasonable profit to cover the costs of moving. Second, there are substantial fees for real estate agents (3 to 5 percent) and property transfer taxes (4.3 to 4.7 percent) (De Graaf, Van Leuvensteijn, and Van Ewijk, 2009). As a result of this, home-ownership is likely to limit geographical mobility in Germany.…”

Section: The German Housing Marketmentioning

confidence: 99%

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Home-ownership, unemployed’s job search behavior and post-unemployment outcomes

2015

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. Although home-ownership has been shown to restrict geographic labor mobility and to affect job search behavior of unemployed, there is no evidence so far on how it affects their future re-employment outcomes. We use two waves of detailed German survey data of newly unemployed individuals to study the effect of home-ownership on the job search behavior of unemployed and their re-employment outcomes. We show that unemployed who own a home are less willing to move and also less likely to apply for jobs for which one would have to move. However, we do not find any evidence for compensations of their restricted mobility by more intensive (more search channels or applications) or different (more active or informal) search behavior. Furthermore, we find that home-ownership does not seem to harm the employment prospects of the unemployed. Although the re-employment probability in the short-run is slightly lower, we find that after one year home-owning unemployed have found better re-employment jobs, in terms of wages and job satisfaction, than their renting counterparts.JEL Classification: J64, J61

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Section: The German Housing Marketmentioning

confidence: 99%

Section: The German Housing Marketmentioning

confidence: 99%

Home-ownership, unemployed’s job search behavior and post-unemployment outcomes

2015

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“…They rely on competing-risks mixed proportional hazard models as described in (4) and (5) 1989, van Leuvensteijn and Koning (2004 find that homeownership does reduce unemployment risks for employees but plays no significant role on job to job transitions or on exits to inactivity. However, de Graaff and van and de Graaff et al (2009) criticize these results for the choice of the instrument (the regional homeowner rate) is questionable and does not allow a good identification of the impact of residential status. That is why the latter make more robust estimations with a multiple-spell approach applied to the eight waves 1994-2001 of the European Community Household Panel for 14 European countries.…”

Section: Employment Duration and Labour Market Transitionsmentioning

confidence: 99%

Does Homeownership Harm Labour Market Performances? A Survey

Havet

Pénot

2010

SSRN Journal

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While many countries have implemented various incentives to promote homeownership, this paper investigates the literature on the relationship between this residential status and the labour market performances. Since the rather negative original contribution by Oswald (1996), the literature has been extending the analyses to more precise measures of labor markets performances, to more subtle descriptions of residential status and to more sophisticated econometric techniques on individual data. Overall, the Oswald's hypothesis finds little support.

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“…Reingold et al (2001) find similar results for the effect of public housing on social capital investment and labor participation in the US. As to labor-market outcomes, Currie and Yelowitz (1998) and de Graaff et al (2009) find negative effects of public housing. Using French data, Dujardin and Goffette-Nagot (2009) show that public housing has no direct effect on unemployment risk, even tough the concentration of public housing in deprived neighborhood may alter the public tenants' long term career opportunity.…”

Section: Introductionmentioning

confidence: 99%

“…As shown by de Graaff et al (2009) on European data, public housing tenants are less mobile on the labor market because of higher mobility costs and have therefore less job opportunities. Furthermore, the remote location of public housing often results in lower employment levels due to spatial mismatch.…”

Section: Introductionmentioning

confidence: 99%

Housing wealth accumulation: The role of public housing

Goffette-Nagot

Sidibé

2016

Regional Science and Urban Economics

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The public housing sector provides housing units at below-market rents, potentially allowing its tenants to save for a downpayment more quickly than they would have otherwise.In this paper, we analyze the effect of a spell in public housing on age at first-time homeownership using the French Housing Survey. We use a pseudo-panel approach that takes into account the specificities of the local housing market, to derive individual tenure transitions from multiple cross-sections data. Using an IV strategy to control for a potential selection into public housing, we jointly estimate public housing tenancy and duration before first-time homeownership, and take into account unobserved heterogeneity. Our results indicate that a spell in public housing increases the hazard to homeownership, supporting the idea that, in France, the public housing policy provides an important pathway to homeownership.

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Homeownership, Social Renting, and Labour Mobility across Europe

Cited by 17 publications

References 0 publications

Home-ownership, unemployed’s job search behavior and post-unemployment outcomes

Home-ownership, unemployed’s job search behavior and post-unemployment outcomes

Does Homeownership Harm Labour Market Performances? A Survey

Housing wealth accumulation: The role of public housing

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