IDEAS home Printed from https://ideas.repec.org/a/bla/obuest/v51y1989i2p97-136.html
   My bibliography  Save this article

Housing, Wages and UK Labour Markets

Author

Listed:
  • Bover, Olympia
  • Muellbauer, John
  • Murphy, Anthony

Abstract

There is a considerable literature on the effects of imperfections in U.K. rented housing markets in restricting labor mobility. This paper examines the interaction of labor and housing markets, including the owner-occupied sector, more generally. Implications are drawn for the behavior of aggregate wages in the United Kingdom and for the relationship between aggregate unemployment and unfilled vacancies, which in part reflects mismatch between jobs and people. The authors find that lagged regional house prices also have a significant effect on wages. Their models incorporate cross-section evidence on the effect of tenure structure on mobility. They find that changes in unemployment and in sectoral mismatch are more important for wage pressure than are levels. This is consistent with arguments about the roles of insiders and outsiders in wage determination. Copyright 1989 by Blackwell Publishing Ltd

Suggested Citation

  • Bover, Olympia & Muellbauer, John & Murphy, Anthony, 1989. "Housing, Wages and UK Labour Markets," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 51(2), pages 97-136, March.
    • Handle: RePEc:bla:obuest:v:51:y:1989:i:2:p:97-136
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:obuest:v:51:y:1989:i:2:p:97-136. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/sfeixuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.