Home ownership, job duration, and wages

Jakob Roland Munch; Michael Rosholm; Michael Svarer

doi:10.1016/j.jue.2007.01.003

Home ownership, job duration, and wages

Jakob Roland Munch, Michael Rosholm, Michael Svarer

Department of Economics

54 Citations (Scopus)

Abstract

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

Original language	English
Journal	Journal of Urban Economics
Volume	63
Issue number	1
Pages (from-to)	130-145
Number of pages	16
ISSN	0094-1190
DOIs	https://doi.org/10.1016/j.jue.2007.01.003
Publication status	Published - 2008

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10.1016/j.jue.2007.01.003

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title = "Home ownership, job duration, and wages",

abstract = "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",

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AU - Rosholm, Michael

AU - Svarer, Michael

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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

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VL - 63

SP - 130

EP - 145

JO - Journal of Urban Economics

JF - Journal of Urban Economics

IS - 1

ER -

Home ownership, job duration, and wages

Abstract

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