Home Ownership, Job Duration, and Wages

TY - UNPB

T1 - Home Ownership, Job Duration, and Wages

AU - Munch, Jakob Roland

AU - Rosholm, Michael

AU - Svarer, Michael

N1 - JEL Classification: J6, R2

PY - 2006

Y1 - 2006

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 labour 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 labour 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

KW - Faculty of Social Sciences

KW - home ownership

KW - job mobility

KW - duration model

M3 - Working paper

BT - Home Ownership, Job Duration, and Wages

PB - Centre for Applied Microeconometrics. Department of Economics, University of Copenhagen

CY - Cph.

ER -