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La propriété immobilière est-elle un obstacle pour sortir du chômage ?

Author

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  • Carole Brunet
  • Nathalie Havet
  • Jean-Yves Lesueur

Abstract

[eng] Does Homeownership Hinder Exits from Unemployment ? . This study uses microeconomic data to test “ Oswald’s hypothesis”, which postulates a link between rising homeownership rates and longer unemployment spells. We contribute to the existing literature by contrasting econometric results for France and the United States, whose labour and housing markets function and interact in very different ways. Using unemployment-spell samples from the French part of the European Community Household Panel and the Panel Study of Income Dynamics, both covering 1994-2001, we estimate mixed proportional hazard models incorporating simultaneous behaviours in the housing and labour markets. Ourmain results indicate that homeownership is not significantly related to longer unemployment spells in the United States, while French homeowners exhibit faster re-employment rates than renters. [fre] Does Homeownership Hinder Exits from Unemployment ? . This study uses microeconomic data to test “ Oswald’s hypothesis”, which postulates a link between rising homeownership rates and longer unemployment spells. We contribute to the existing literature by contrasting econometric results for France and the United States, whose labour and housing markets function and interact in very different ways. Using unemployment-spell samples from the French part of the European Community Household Panel and the Panel Study of Income Dynamics, both covering 1994-2001, we estimate mixed proportional hazard models incorporating simultaneous behaviours in the housing and labour markets. Ourmain results indicate that homeownership is not significantly related to longer unemployment spells in the United States, while French homeowners exhibit faster re-employment rates than renters.

Suggested Citation

  • Carole Brunet & Nathalie Havet & Jean-Yves Lesueur, 2012. "La propriété immobilière est-elle un obstacle pour sortir du chômage ?," Économie et Prévision, Programme National Persée, vol. 200(2), pages 161-183.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_2012_num_200_2_8112
    DOI: 10.3406/ecop.2012.8112
    Note: DOI:10.3406/ecop.2012.8112
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    Cited by:

    1. Denis Anne, 2019. "Aides à la mobilité et insertion sociale," Erudite Ph.D Dissertations, Erudite, number ph19-03 edited by Yannick L'Horty.

    More about this item

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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