Houses and/or jobs: Ownership and the labour market in Belgian districts
In a number of papers A.J. Oswald (1996, 1997) argues that high rates of home ownership may imply inferior labour market outcomes. This paper tests the Oswald hypothesis in a panel of 42 Belgian districts since the 1970s. The use of data going back to 1970 allows us to embed the Oswald hypothesis in a broader model including other key determinants of employment like labour costs and productivity, the skill level of the population, and demography. Considering that ownership may be endogenous to (shocks in) employment, we use IV estimation methods. Overall, we find evidence in favour of the Oswa... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2011 |
Verlag/Hrsg.: |
Munich: Center for Economic Studies and ifo Institute (CESifo)
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Schlagwörter: | ddc:330 / E24 / J61 / J64 / R23 / employment / home ownership / Oswald hypothesis / Belgian regions / panel data / Grundbesitz / Wohneigentum / Regionale Arbeitslosigkeit / Transaktionskosten / Arbeitsmobilität / Langzeitarbeitslosigkeit / Belgien |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-26543642 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/46528 |