Le statut residentiel affecte-t-il la duree de chomage?: Une estimation micro-econometrique sur donnees francaises

Brunet, Carole; Lesueur, Jean-Yves

doi:10.2307/3503386

Cited by 11 publications

(22 citation statements)

References 4 publications

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“…Pour ce faire, on exploite la partie française du Panel Européen des Ménages 1994-2001 Battu, Ma & Phimister (2008) concluent, quantà eux, pour le Royaume-Uni qu'il n'existe pas de différence significative du point de vue des sorties du chômage entre propriétaires et locataires. Desétudes ont déjàété menées sur ce thème pour les Etats-Unis [Green & Hendershott (2001)] et pour la France [Brunet & Lesueur (2009, 2004, Brunet, Clark & Lesueur (2007)] mais séparément pour les deux pays. Elles montraient plutôt un effet positif de la propriété immobilière sur la durée de chômage.…”

Section: Introductionunclassified

La propriété immobilière est-elle un obstacle pour sortir du chômage ?

Brunet¹,

Havet

Lesueur

2012

ecop

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RésuméCet article propose de tester, sur données individuelles, l'hypothèse d'Oswald, selon laquelle le développement de la propriété immobilière observé dans la plupart des pays de l'OCDE s'accompagnerait d'une augmentation de la durée desépisodes de chômage. La démarche retenue apporte une contributionà la littérature dans ce domaine via uné etudeéconométrique comparée entre la France et les Etats-Unis qui permet d'opposer des fonctionnements et des interactions entre marchés du travail et du logement particulièrement différenciés. A partir de deuxéchantillons de chômeurs issus respectivement du Panel Européen des Ménages et du Panel Survey of Income Dynamics et couvrant la période 1994-2001, des modèles de hasards proportionnels mélangés tenant compte de la simultanéité des comportements sur le marché du travail et celui du logement sont estimés. Les principaux résultats indiquent que la propriété immobilière n'a pas d'impact statistiquement significatif sur les durées de chômage aux Etats-Unis, tandis que les propriétaires français au chômage retrouvent un emploi plus rapidement que leurs homologues locataires, résultats qui conduisentà moduler les conclusions issues de travaux antérieurs appliquésà ces deux pays.

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Section: Introductionunclassified

La propriété immobilière est-elle un obstacle pour sortir du chômage ?

Brunet¹,

Havet

Lesueur

2012

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“…The choice of more general distributions such as generalized gamma or Sigh-Maddala would have raised this restriction. Green and Hendershott (2001a) and Brunet and Lesueur (2004) try to solve this endogeneity problem by using a two-step instrumental variable regression. In a first step, it consists in estimating a probit tenure choice equation and in a second step they use the predicted ownership rather than actual ownership, in the unemployment duration estimation.…”

Section: Unemployment Durationmentioning

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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“…Flatau et al (2002) do not …nd evidence consistent with the Oswald hypothesis using Australian micro and regional data. However, recent studies by Brunet and Lesueur (2003), Munch, Rosholm, and Svarer (2003), and van Leuvensteijn and Koning (2004) all …nd a positive association between homeownership and unemployment hazard or duration using individual data in di¤erent European countries.…”

Section: Introductionmentioning

confidence: 99%

“…Thus, regulations that are less protective of investor rights in the rental and …nancial markets might be partially accountable for both low average rental occupation rates and low homeownership among the youth in some countries, such as Italy. 4 Recently, Fisher and Ja¤e (2003) have used data similar to ours to explain the determinants of homeownership rates in a cross section of world countries. These authors argue that their paper is "less successful in providing a single equation model with comprehensive explanatory power of homeownership as a global pattern.…”

Section: Introductionmentioning

confidence: 99%

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Owning Versus Leasing: Do Courts Matter?

Casas‐Arce

Sáiz

2006

SSRN Journal

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We develop a legal contract enforcement theory of the own versus lease decision. The allocation of ownership rights will minimize enforcement costs when the legal system is inefficient. In particular, when legal enforcement of contracts is costly, there will be a shift from arrangements that rely on such enforcement (such as a rental agreement) toward other forms that do not (such as direct ownership). We then test this prediction and show that costly enforcement of rental contracts hampers the development of the rental housing market in a cross-section of countries. We argue that this association is not the result of reverse causation from a developed rental market to more investor-protective enforcement and is not driven by alternative institutional channels. The results provide supportive evidence on the importance of legal contract enforcement for market development and the optimal allocation of property rights. AbstractWe develop a legal contract enforcement theory of the own versus lease decision.The allocation of ownership rights will minimize enforcement costs when the legal system is ine¢ cient. In particular, when legal enforcement of contracts is costly, there will be a shift from arrangements that rely on such enforcement (such as a rental agreement) toward other forms that do not (such as direct ownership). We then test this prediction and show that costly enforcement of rental contracts hampers the development of the rental housing market in a cross-section of countries. We argue that this association is not the result of reverse causation from a developed rental market to more investor-protective enforcement and is not driven by alternative institutional channels. The results provide supportive evidence on the importance of legal contract enforcement for market development and the optimal allocation of property rights.

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Le statut residentiel affecte-t-il la duree de chomage?: Une estimation micro-econometrique sur donnees francaises

Cited by 11 publications

References 4 publications

La propriété immobilière est-elle un obstacle pour sortir du chômage ?

La propriété immobilière est-elle un obstacle pour sortir du chômage ?

Does Homeownership Harm Labour Market Performances? A Survey

Owning Versus Leasing: Do Courts Matter?

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