English, Article, Journal or magazine article edition: Do homeowners stay unemployed longer ? A French micro-econometric study Les propriétaires restent-ils plus longtemps au chômage ? Une investigation micro-économétrique sur données françaises Carole Brunet; Jean-Yves Lesueur

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Bookmark: http://trove.nla.gov.au/version/200398
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Do homeowners stay unemployed longer ? A French micro-econometric study Les propriétaires restent-ils plus longtemps au chômage ? Une investigation micro-économétrique sur données françaises
Author
  • Carole Brunet
  • Jean-Yves Lesueur
Physical Description
  • preprint
Notes
  • The objective of this paper is to provide microeconomic evidence for the so called “Oswald’s hypothesis”, which is whether homeownership results in negative outcomes in the labour market. In a first step, a multinomial logit model for the choice of tenure status is estimated. Estimated probabilities of being either homeowner, renter or housed free of charge are then used to explain the length of an individual unemployment spell. This flexible method of estimation accounts for both censoring and selection bias, without constraining the shape of the hazard rate of leaving unemployment. Results from a 3,965 individuals French data set suggest that homeownership has a positive effect on unemployment duration.
  • duration model, job search, mobility, residential status, selectivity bias
  • RePEc:gat:wpaper:0307
Language
  • English
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