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

Aarhus University
University of Copenhagen
Aarhus School of Business
CEBR

Research output: Contribution to journal › Journal article › Research › peer-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 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
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

Keywords

Home ownership
Job mobility
Duration model

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10.1016/j.jue.2007.01.003Licence: Unspecified

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Persistent link

Cite this

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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.",

keywords = "Arbejdskraftens mobilitet, Virksomhedens ejerskab, Danmark, L{\o}n, Home ownership, Job mobility, Duration model",

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AU - Rosholm, Michael

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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.

KW - Arbejdskraftens mobilitet

KW - Virksomhedens ejerskab

KW - Danmark

KW - Løn

KW - Home ownership

KW - Job mobility

KW - Duration model

U2 - 10.1016/j.jue.2007.01.003

DO - 10.1016/j.jue.2007.01.003

M3 - Journal article

SN - 0094-1190

VL - 63

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JO - Journal of Urban Economics

JF - Journal of Urban Economics

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