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(Article of periodic en Anglais - 2013)

Document title

A European cross-country comparison of the impact of homeownership and transaction costs on job tenure

Authors(s) and Affiliation(s)

DE GRAAF T. (1) ; VAN LEUVENSTEIJN M. (2) ;
(1) Dept. of Spatial Economics, VU Univ., Amsterdam, PAYS-BAS
(2) CPB Netherlands Bureau for Economic Policy Analysis, The Hague, PAYS-BAS

Abstract

This paper looks at the impacts across European countries of homeownership and transaction costs on job tenure. The results indicate that homeownership reduces job mobility as well as the probability of becoming unemployed or economically inactive. It is found, however, that this effect is severely mitigated by two factors. First, it decreases when aggregate homeownership rates are higher. Thus, homeowners have larger job tenures, but more so in countries with low homeownership rates. Second, transaction costs on the housing market are positively associated with the probability of becoming unemployed

Source

Article of periodic

published at : Regional studies / ISSN 0034-3404

Editor : Cambridge University Press, Cambridge - ROYAUME-UNI (1967)

Millesime : 2013, vol. 47, no9 [pp. 1443-1461]

Bibliographic references : 2 p.

Collation : 6 fig., 3 tabl.

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1080/00343404.2011.626761

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2013
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