Home Ownership, Job Duration, and Wages

Jakob Roland Munch, Michael Rosholm, Michael Svarer

Research output: Contribution to journalJournal articlepeer-review

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 languageEnglish
JournalJournal of Urban Economics
Volume63
Issue number1
Pages (from-to)130-145
Number of pages16
ISSN0094-1190
DOIs
Publication statusPublished - 2008
Externally publishedYes

Keywords

  • Home ownership
  • Job mobility
  • Duration model

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