| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19079 |
| 来源ID | Working Paper 19079 |
| Does High Home-Ownership Impair the Labor Market? | |
| David G. Blanchflower; Andrew J. Oswald | |
| 发表日期 | 2013-05-31 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | 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. |
| 主题 | Labor Economics ; Unemployment and Immigration |
| URL | https://www.nber.org/papers/w19079 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576754 |
| 推荐引用方式 GB/T 7714 | David G. Blanchflower,Andrew J. Oswald. Does High Home-Ownership Impair the Labor Market?. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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