DID THE ECONOMIC CRISIS HAVE THE SAME EFFECT ON HOME-OWNERS AND RENTERS IN TERMS OF EMPLOYMENT?
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Artículo científico |
| Sprache: | en |
| Veröffentlicht: |
Universidad de Zaragoza
2017
|
| Schlagworte: | |
| Online-Zugang: | |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| _version_ | 1866812607678119936 |
|---|---|
| author | JAVIER A. BARRIOS GARCÍA |
| author_facet | JAVIER A. BARRIOS GARCÍA |
| contents | DID THE ECONOMIC CRISIS HAVE THE SAME EFFECT ON HOME-OWNERS AND RENTERS IN TERMS OF EMPLOYMENT? JAVIER A. BARRIOS GARCÍA Economía y Finanzas Home ownership Unemployment This paper investigates the effects of housing tenure choice (home-own- ing/renting) on individuals’ employment status (employed/unemployed) through the empirical estimation of different dynamic panel data models with Spanish data covering the period 2004-2012 sourced from the EU Sta- tistics on Income and Living Conditions. Taking into account the effect of unobserved heterogeneity, the endogeneity of housing tenure choice, and distinguishing between spurious state dependence and true state depen- dence, we find that there is no evidence of any significant spillover effect of the aggregate regional home-ownership rate on individuals’ probability of employment. However, the average effect of housing tenure choice on this probability is robust and significantly positive, ranging from 3.8 per- centage points for the home-owners group as a whole, and 4.3 percentage points for those home-owners with a mortgage left to pay off. 2017 artículo científico 1133-455X https://www.redalyc.org/articulo.oa?id=96954075003 en http://www.redalyc.org/revista.oa?id=969 Revista de Economía Aplicada application/pdf Universidad de Zaragoza Revista de Economía Aplicada (España) Num.75 Vol.XXV |
| format | Artículo científico |
| id | redalyc_96954075003 |
| language | en |
| publishDate | 2017 |
| publisher | Universidad de Zaragoza |
| spellingShingle | DID THE ECONOMIC CRISIS HAVE THE SAME EFFECT ON HOME-OWNERS AND RENTERS IN TERMS OF EMPLOYMENT? JAVIER A. BARRIOS GARCÍA Economía y Finanzas Home ownership Unemployment DID THE ECONOMIC CRISIS HAVE THE SAME EFFECT ON HOME-OWNERS AND RENTERS IN TERMS OF EMPLOYMENT? JAVIER A. BARRIOS GARCÍA Economía y Finanzas Home ownership Unemployment This paper investigates the effects of housing tenure choice (home-own- ing/renting) on individuals’ employment status (employed/unemployed) through the empirical estimation of different dynamic panel data models with Spanish data covering the period 2004-2012 sourced from the EU Sta- tistics on Income and Living Conditions. Taking into account the effect of unobserved heterogeneity, the endogeneity of housing tenure choice, and distinguishing between spurious state dependence and true state depen- dence, we find that there is no evidence of any significant spillover effect of the aggregate regional home-ownership rate on individuals’ probability of employment. However, the average effect of housing tenure choice on this probability is robust and significantly positive, ranging from 3.8 per- centage points for the home-owners group as a whole, and 4.3 percentage points for those home-owners with a mortgage left to pay off. 2017 artículo científico 1133-455X https://www.redalyc.org/articulo.oa?id=96954075003 en http://www.redalyc.org/revista.oa?id=969 Revista de Economía Aplicada application/pdf Universidad de Zaragoza Revista de Economía Aplicada (España) Num.75 Vol.XXV |
| title | DID THE ECONOMIC CRISIS HAVE THE SAME EFFECT ON HOME-OWNERS AND RENTERS IN TERMS OF EMPLOYMENT? |
| topic | Economía y Finanzas Home ownership Unemployment |
| url | https://www.redalyc.org/articulo.oa?id=96954075003 |