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Author: Nathalie Havet Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
While many countries have implemented various incentives to promote home- ownership, this paper investigates the literature on the relationship between this residential status and the labour market performances. Since the rather nega- tive 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.
Author: Nathalie Havet Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
While many countries have implemented various incentives to promote home- ownership, this paper investigates the literature on the relationship between this residential status and the labour market performances. Since the rather nega- tive 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.
Author: Julie Beugnot Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
In this paper we analyse the link between homeownership and various aggregate and individual labour market outcomes. Our aim is to investigate the likely consequences of public policies that promote homeownership. To this end, we develop a circular firm-worker matching model with Nash-bargained wage setting and free market entry. Homeowners are assumed to be less mobile than tenants and to bear higher mobility costs. Our numerical exercises show that tenants usually have lower unemployment rates and lower wage rates than homeowners. Importantly, workersʼ performances do not necessarily improve following an increase in the proportion of homeowners. The latter crucially depends on the relative utility enjoyed by homeowners and tenants when unemployed. In the aggregate, nevertheless, we find that the unemployment rate generally increases following an increase in the proportion of homeowners. Yet, the link between the two can be reversed if the homeownersʼ utility is lower than that of tenants when unemployed. Our model thus identifies a number of conditions under which Oswaldʼs conjecture is likely to hold or not. Thus, our results do not necessarily support the view that policies fostering homeownership are adequate public policies given their potentially negative effect on the labour market.
Author: Nuno Crato Publisher: Springer ISBN: 3319784617 Category : Political Science Languages : en Pages : 344
Book Description
In the light of better and more detailed administrative databases, this open access book provides statistical tools for evaluating the effects of public policies advocated by governments and public institutions. Experts from academia, national statistics offices and various research centers present modern econometric methods for an efficient data-driven policy evaluation and monitoring, assess the causal effects of policy measures and report on best practices of successful data management and usage. Topics include data confidentiality, data linkage, and national practices in policy areas such as public health, education and employment. It offers scholars as well as practitioners from public administrations, consultancy firms and nongovernmental organizations insights into counterfactual impact evaluation methods and the potential of data-based policy and program evaluation.
Author: Beer, Andrew Publisher: Policy Press ISBN: 184742936X Category : Political Science Languages : en Pages : 209
Book Description
The housing we live in shapes individual access to jobs, health, well being and communities. There are also substantial differences between generations regarding the type of housing they aspire to live in, their attitudes to housing costs, the nature of their households and their attitudes to different tenures. This important contribution to the literature draws upon research from the UK, Australia and the USA to show how lifetime attitudes to housing have changed, with new population dynamics driving the market and a greater emphasis on consumption. It also considers how the global financial crisis has differentially affected housing markets across the globe, with variable impacts on the long term housing transitions of different populations.
Author: Casper van Ewijk Publisher: OUP Oxford ISBN: 0191562513 Category : Business & Economics Languages : en Pages : 267
Book Description
Increasing labour market flexibility is at the top of the European agenda. A new and challenging view is a lack of mobility in the labour market may arise from rigidities in the housing market. The research in this book has been inspired by the intriguing hypothesis put forward by Andrew Oswald that homeownership may be a hindrance to the smooth working of the labour markets, as homeowners tend to be less willing to accept jobs outside their own region. This book brings together leading economists from across Europe to analyse the interaction between housing markets and labour markets. In the EU homeownership rates have been on the increase, often as a result of government policies, making the barriers that homeownership creates in terms of labour mobility increasingly important. This book shows on the one hand, at the individual level, that homeownership limits the likelihood of becoming unemployed and increases the probability of finding a job once unemployed. On the other hand, the transaction costs inherent in the housing market and homeownership hamper job-to-job changes and increase unemployment at the country level. This insight provides a clear policy message to European policymakers: reform in the housing market, aimed at lowering transaction costs and providing less generous subsidies for homeowners could be an effective instrument for reducing unemployment and improving labour market flexibility.
Author: Julie Beugnot Publisher: ISBN: Category : Languages : en Pages : 28
Book Description
In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less mobile than tenants. Based on numerical simulations, we analyze both macroeconomic and microeconomic labour market outcomes following an (exogenous) increase in homeownership rates. We show that (1) Oswald's hypothesis does not always hold as it depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market performances, individual performances always improve following an increase in homeownership rates.
Author: David G. Blanchflower Publisher: ISBN: Category : Economics Languages : en Pages : 30
Book Description
We explore the hypothesis that high home-ownership damages the labor market. Our results are relevant to, and may be worrying for, a range of policy-makers and researchers. We find that rises in the home- ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a U.S. state is followed in the long-run by more than a doubling of the later unemployment rate. What mechanism might explain this? We show that rises in home-ownership lead to three problems: (i) lower levels of labor mobility, (ii) greater commuting times, and (iii) fewer new businesses. Our argument is not that owners themselves are disproportionately unemployed. The evidence suggests, instead, that the housing market can produce negative 'externalities' upon the labor market. The time lags are long. That gradualness may explain why these important patterns are so little-known.
Author: OECD Publisher: OECD Publishing ISBN: 9264128336 Category : Languages : en Pages : 108
Book Description
OECD's 2012 Economic Survey of Spain examines recent economic developments, policies and prospects and takes a specia look at the banking crisis and youth employment.
Author: OECD Publisher: OECD Publishing ISBN: 9264027432 Category : Languages : en Pages : 117
Book Description
Following major economic reforms, the Slovak economy has grown strongly in recent years, but still has some way to go to catch up with the advanced European countries. This survey of the Slovak economy examines economic challenges faced by Slovakia ...
Author: Nathalie Havet
Author: Nathalie Havet
Author: Julie Beugnot
Author: Nuno Crato
Author: Beer, Andrew
Author: Casper van Ewijk
Author: Julie Beugnot
Author: David G. Blanchflower
Author: OECD
Author: OECD
Author: Thierry Kamionka