Houses and/or jobs: ownership and the labour market in Belgian districts
- Author
- Daan Isebaert (UGent) , Freddy Heylen (UGent) and Carine Smolders (UGent)
- Organization
- Abstract
- A. J. Oswald argues that high rates of homeownership may imply inferior labour market outcomes. Using a panel of forty-two Belgian districts since the 1970s and accounting for other key determinants of employment, this paper confirms the Oswald hypothesis. A 1 percentage point rise in the rate of ownership in a district implies a statistically significant fall in the employment rate by about 0.35 percentage points. This negative effect declines in the fraction of the high-skilled in a district. The results underscore the importance of controlling for unobserved district-specific fixed effects and common time effects, and of appropriately dealing with endogeneity.
- Keywords
- Belgian districts, Homeownership, Oswald hypothesis, Panel data, Employment, HOME-OWNERSHIP, HOUSING TENURE, RESIDENTIAL-MOBILITY, UNEMPLOYMENT, HOMEOWNERSHIP, BRITAIN, BEHAVIOR, US
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Citation
Please use this url to cite or link to this publication: http://hdl.handle.net/1854/LU-4356166
- MLA
- Isebaert, Daan, et al. “Houses and/or Jobs: Ownership and the Labour Market in Belgian Districts.” REGIONAL STUDIES, vol. 49, no. 8, Routledge, 2015, pp. 1387–406, doi:10.1080/00343404.2013.837873.
- APA
- Isebaert, D., Heylen, F., & Smolders, C. (2015). Houses and/or jobs: ownership and the labour market in Belgian districts. REGIONAL STUDIES, 49(8), 1387–1406. https://doi.org/10.1080/00343404.2013.837873
- Chicago author-date
- Isebaert, Daan, Freddy Heylen, and Carine Smolders. 2015. “Houses and/or Jobs: Ownership and the Labour Market in Belgian Districts.” REGIONAL STUDIES 49 (8): 1387–1406. https://doi.org/10.1080/00343404.2013.837873.
- Chicago author-date (all authors)
- Isebaert, Daan, Freddy Heylen, and Carine Smolders. 2015. “Houses and/or Jobs: Ownership and the Labour Market in Belgian Districts.” REGIONAL STUDIES 49 (8): 1387–1406. doi:10.1080/00343404.2013.837873.
- Vancouver
- 1.Isebaert D, Heylen F, Smolders C. Houses and/or jobs: ownership and the labour market in Belgian districts. REGIONAL STUDIES. 2015;49(8):1387–406.
- IEEE
- [1]D. Isebaert, F. Heylen, and C. Smolders, “Houses and/or jobs: ownership and the labour market in Belgian districts,” REGIONAL STUDIES, vol. 49, no. 8, pp. 1387–1406, 2015.
@article{4356166,
abstract = {{A. J. Oswald argues that high rates of homeownership may imply inferior labour market outcomes. Using a panel of forty-two Belgian districts since the 1970s and accounting for other key determinants of employment, this paper confirms the Oswald hypothesis. A 1 percentage point rise in the rate of ownership in a district implies a statistically significant fall in the employment rate by about 0.35 percentage points. This negative effect declines in the fraction of the high-skilled in a district. The results underscore the importance of controlling for unobserved district-specific fixed effects and common time effects, and of appropriately dealing with endogeneity.}},
author = {{Isebaert, Daan and Heylen, Freddy and Smolders, Carine}},
issn = {{0034-3404}},
journal = {{REGIONAL STUDIES}},
keywords = {{Belgian districts,Homeownership,Oswald hypothesis,Panel data,Employment,HOME-OWNERSHIP,HOUSING TENURE,RESIDENTIAL-MOBILITY,UNEMPLOYMENT,HOMEOWNERSHIP,BRITAIN,BEHAVIOR,US}},
language = {{eng}},
number = {{8}},
pages = {{1387--1406}},
publisher = {{Routledge}},
title = {{Houses and/or jobs: ownership and the labour market in Belgian districts}},
url = {{http://dx.doi.org/10.1080/00343404.2013.837873}},
volume = {{49}},
year = {{2015}},
}
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