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Title: Homeownership And Unemployment: Outcomes And Implications

Citation Type: Dissertation/Thesis

Publication Year: 2015

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Abstract: This dissertation consists of three papers on the effect of homeownership on labor market outcomes. In the first paper, I developed a one-sector two-region endogenous job search model and show that when jobs arrive from both local labor market and non-local labor market, homeowners: are less likely to be unemployed than renters; and have higher overall search intensity and exit rate than renters. I then estimate the effect of homeownership on unemployment using a panel data set aggregated from the American Community Survey data from 2003 to 2011 and use relative cost of owning a home as instrument for homeownership. I also estimate models at the individual level. Regression results show that homeownership is negatively and significantly related to unemployment confirming the theoretical predictions. These results are robust to different estimation . . .

Url: https://egrove.olemiss.edu/cgi/viewcontent.cgi?article=1479&context=etd

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Authors: Mawuli Akpandjar, George

Institution: The University of Mississippi

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Data Collections: IPUMS USA, IPUMS CPS

Topics: Housing and Segregation, Labor Force and Occupational Structure

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