Full Citation

Title: The Effect of Homeownership on Unemployment Spells: Evidence from US Data

Citation Type: Miscellaneous

Publication Year: 2014

ISBN:

ISSN:

DOI: 10.2139/ssrn.2488679

NSFID:

PMCID:

PMID:

Abstract: This paper provides new evidence on the effect of homeownership on unemployment spells by disaggregating exit from unemployment into full-time and part-time employment using the March Current Population Survey (CPS) data from 1990 to 2013. Using duration models, I find that when transition from unemployment to different types of employment is ignored, homeownership decreases the exit rate from unemployment. However, when the transition to different types of employment is considered, homeowners have lower rates of exit into full-time employment than renters but have higher rates of exit into part-time employment. Competing risk model that simultaneously modeled the transition into full-time and part-time employments also have similar estimates. These results are robust to different specifications and have policy implications.

Url: http://www.ssrn.com/abstract=2488679

User Submitted?: No

Authors: Akpandjar, George M.

Publisher: University of Mississippi

Data Collections: IPUMS CPS

Topics: Housing and Segregation

Countries: United States