Unemployment and home-ownership

Oswald (mimeo, University of Warwick, 1996) theorizes that a secular rise in homeownership constitutes a possible explanation for the observed rise in unemployment in Europe. Our results provide support for this notion. In particular, the results based on the regional data on Finnish labour district...

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Bibliographic Details
Published inApplied economics letters Vol. 6; no. 5; pp. 263 - 265
Main Author PEHKONEN, JAAKKO
Format Journal Article
LanguageEnglish
Published Taylor & Francis Group 01.05.1999
Taylor and Francis Journals
SeriesApplied Economics Letters
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Summary:Oswald (mimeo, University of Warwick, 1996) theorizes that a secular rise in homeownership constitutes a possible explanation for the observed rise in unemployment in Europe. Our results provide support for this notion. In particular, the results based on the regional data on Finnish labour districts imply that a 10% difference in the owneroccupation rate is associated with a 1 percentage point difference in the unemployment rate. The results are tentative, since the regressions are based on a small number of observations.
ISSN:1350-4851
1466-4291
DOI:10.1080/135048599353186