@unpublished{eprints1483,
            note = {JEL Classification: J61, J64, R2.
Keywords: Housing Tenure, Oswald Effect, Endogenous Multinomial Treatment
Effect, Unemployment Duration},
           month = {September},
          author = {Andrea Morescalchi},
           pages = {1--46},
           title = {Housing Tenure and Individual Labour Market Outcomes. An Empirical Assessment Based on the UK Labour Force Survey},
       booktitle = {XXV National Conference of Labour Economics},
            year = {2011},
             url = {http://eprints.imtlucca.it/1483/},
        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.}
}