Home ownership, job duration, and wages

TY - JOUR

T1 - Home ownership, job duration, and wages

AU - Munch, Jakob Roland

AU - Rosholm, Michael

AU - Svarer, Michael

N1 - JEL classification: J6, R2

PY - 2008

Y1 - 2008

N2 - We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labor market. In addition, there is a clear negative effect of home ownership on the unemployment risk and a positive impact on wages. These results are robust to different strategies for correcting for the possible endogeneity of the home owner variable

AB - We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labor market. In addition, there is a clear negative effect of home ownership on the unemployment risk and a positive impact on wages. These results are robust to different strategies for correcting for the possible endogeneity of the home owner variable

U2 - 10.1016/j.jue.2007.01.003

DO - 10.1016/j.jue.2007.01.003

M3 - Journal article

SN - 0094-1190

VL - 63

SP - 130

EP - 145

JO - Journal of Urban Economics

JF - Journal of Urban Economics

IS - 1

ER -