Full Citation

Title: Housing Tenure, Geographical Mobility and the Labour Market: The Role of the Employment Exit Rate

Citation Type: Working Paper

Publication Year: 2018

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Abstract: This paper studies the eect of home-owners' migration costs on unemployment in an economy where workers move both for work-and non-work-related reasons. To this end, a search model with heterogeneous locations is developed and calibrated to the US economy. Both the employment and unemployment exit rates are endogenous. Migration costs imply that home-owners quit their jobs less often than renters and nd jobs at a higher rate. Consistent with the empirical evidence, the model predicts that home-owners have a lower unemployment rate than renters. seminar participants at the ASSET. Financial support from the Departamento de Educación, Política Lingüística y Cultura del Gobierno Vasco (IT869-13) and the Ministerio de Ciencia e Innovación (BES-2008-004549) are gratefully acknowledged.

Url: https://addi.ehu.es/bitstream/handle/10810/30207/IL11018 pdf.pdf?sequence=1

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Authors: Vives, Cecilia

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Publication Number: IL. 110/18

Institution: University of the Basque Country

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Publisher Location: Vizcaya, Spain

Data Collections: IPUMS CPS

Topics: Housing and Segregation, Labor Force and Occupational Structure, Other

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