Morescalchi, Andrea Housing Tenure and Individual Labour Market Outcomes. An Empirical Assessment Based on the UK Labour Force Survey. In: XXV National Conference of Labour Economics, 15-16 September 2011, Università Cattolica del Sacro Cuore, Milano pp. 1-46. (Unpublished) (2011)
|
PDF
- Accepted Version
Download (308kB) | Preview |
Abstract
We analyse the impact of the housing tenure on labour market outcomes using individual data from the UK Labour Force Survey. In defining the residential status, we distinguish between outright owners and mortgage-holders, and between social and private renters. We estimate both a binary model for the probability to be unemployed and a hazard model for exits out of unemployment. In both models we test for endogenity of housing tenure. In the binary model, exogeneity is rejected so we perform endogenous multinomial treatment effects estimates. In the hazard model we find no evidence of unobserved heterogeneity thus estimates are performed assuming exogeneity. Results show that mortgagers have the lowest probability to be unemployed and the highest job finding rates, while social renters exhibit the worst performance. Whether private renters perform better than outright owners is a matter of debate: while we have no evidence in favour of this claim, the evidence in favour of the opposite is only modest.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Additional Information: | JEL Classification: J61, J64, R2. Keywords: Housing Tenure, Oswald Effect, Endogenous Multinomial Treatment Effect, Unemployment Duration |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor |
| Research Area: | Economics and Institutional Change |
| Depositing User: | Ms T. Iannizzi |
| Date Deposited: | 20 Feb 2013 09:36 |
| Last Modified: | 20 Feb 2013 09:36 |
| URI: | http://eprints.imtlucca.it/id/eprint/1483 |
Actions (login required)
 |
Edit Item |
