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Houses and/or jobs: ownership and the labour market in Belgian districts

Daan Isebaert (UGent) , Freddy Heylen (UGent) and Carine Smolders (UGent)
(2015) REGIONAL STUDIES. 49(8). p.1387-1406
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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

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Chicago
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.
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.
Vancouver
1.
Isebaert D, Heylen F, Smolders C. Houses and/or jobs: ownership and the labour market in Belgian districts. REGIONAL STUDIES. Routledge; 2015;49(8):1387–406.
MLA
Isebaert, Daan, Freddy Heylen, and Carine Smolders. “Houses And/or Jobs: Ownership and the Labour Market in Belgian Districts.” REGIONAL STUDIES 49.8 (2015): 1387–1406. Print.
@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},
  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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