Homeownership and the Labour Market in Europe by Casper van EwijkHomeownership and the Labour Market in Europe by Casper van Ewijk

Homeownership and the Labour Market in Europe

EditorCasper van Ewijk, Michiel Van Leuvensteijn

Hardcover | December 3, 2009

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Increasing labour market flexibility is at the top of the European agenda. A new and challenging view is a lack of mobility in the labour market may arise from rigidities in the housing market. The research in this book has been inspired by the intriguing hypothesis put forward by AndrewOswald that homeownership may be a hindrance to the smooth working of the labour markets, as homeowners tend to be less willing to accept jobs outside their own region. This book brings together leading economists from across Europe to analyse the interaction between housing markets and labour markets. In the EU homeownership rates have been on the increase, often as a result of government policies, making the barriers that homeownership creates in terms of labourmobility increasingly important. This book shows on the one hand, at the individual level, that homeownership limits the likelihood of becoming unemployed and increases the probability of finding a job once unemployed. On the other hand, the transaction costs inherent in the housing market andhomeownership hamper job-to-job changes and increase unemployment at the country level. This insight provides a clear policy message to European policymakers: reform in the housing market, aimed at lowering transaction costs and providing less generous subsidies for homeowners could be an effectiveinstrument for reducing unemployment and improving labour market flexibility.
Casper van Ewijk is Deputy Director of CPB Netherlands Bureau for Economic Policy Analysis. He is also Professor of Economics at the University of Amsterdam. Before joining the University of Amsterdam he was Professor of Economics at Tilburg University and Vice-Dean to the Faculty of Economics, University of Amsterdam. Michiel van Leu...
Title:Homeownership and the Labour Market in EuropeFormat:HardcoverDimensions:256 pagesPublished:December 3, 2009Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199543941

ISBN - 13:9780199543946

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Table of Contents

Casper van Ewijk: PrefaceIntroductionTheory1. Thomas Dohmen: Housing, mobility, and unemploymentMacro-economics and Micro-economics: empirics2. Andrew Oswald: The Housing Market and Europe's Unemployment3. Thomas de Graaff, Michiel van Leuvensteijn, and Casper van Ewijk: Social Renting, Transfer Taxes, and Labour Mobility in EuropeCountry Studies: Unemployment and Homeownership4. Jakob Munch, Michael Rosholm, and Michael Svarer: Homeowners and Unemployment5. Aico van Vuuren: The Impact of Homeownership on Unemployment in the Netherlands6. Carole Brunet and Jean-Yves Lesueur: Do Homeowners Stay Unemployed Longer? A French Micro-econometric studyCountry studies: Job Mobility and Homeownership7. Michiel van Leuvensteijn and Pierre Koning: The Effect of Homeownership on Labor Mobility in the Netherlands8. Jakob Munch, Michael Rosholm, and Michael Svarer: Homeownership, Job Duration, and Wages?9. Harminder Battu, Ada Ma, and Euan Phimister: Family Migration and Labour Mobility: A Panel Investigation in the UKConclusion10. Jan Rouwendal and Peter Nijkamp: Homeownership and Labour Market Behaviour: Interpreting the EvidenceAppendix on Tax Treatment of Housing