Homeownership Unemployment And Commuting Distances

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Homeownership, Unemployment and Commuting Distances

Author : Yuval Kantor
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (962 download)

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Book Synopsis Homeownership, Unemployment and Commuting Distances by : Yuval Kantor

Download or read book Homeownership, Unemployment and Commuting Distances written by Yuval Kantor and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: According to Oswald's hypothesis homeowners experience more problems in finding a new job after becoming unemployed because their moving costs are higher than those of renters. Empirical research has revealed that this effect is counteracted by the job search behavior of unemployed homeowners: they accept a job on the local labor market, that is, a job that does not force them to move to a different residential location, more frequently than unemployed renters. One possible explanation of this result is that the local labor market is larger for homeowners than for renters, in the sense that they are willing to accept longer commutes. This suggests that the longer commutes of homeowners (a well known empirical fact) are partly caused by higher moving costs. In this paper we analyze the validity of this explanation by investigating the relationship between homeownership and commutes while controlling for other variables, and possible effects of selection and heterogeneity.

Does High Home-Ownership Impair the Labor Market?

Author : David G. Blanchflower
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (842 download)

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Book Synopsis Does High Home-Ownership Impair the Labor Market? by : David G. Blanchflower

Download or read book Does High Home-Ownership Impair the Labor Market? written by David G. Blanchflower and published by . This book was released on 2013 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We explore the hypothesis that high home-ownership damages the labor market. Our results are relevant to, and may be worrying for, a range of policy-makers and researchers. We find that rises in the home- ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a U.S. state is followed in the long-run by more than a doubling of the later unemployment rate. What mechanism might explain this? We show that rises in home-ownership lead to three problems: (i) lower levels of labor mobility, (ii) greater commuting times, and (iii) fewer new businesses. Our argument is not that owners themselves are disproportionately unemployed. The evidence suggests, instead, that the housing market can produce negative 'externalities' upon the labor market. The time lags are long. That gradualness may explain why these important patterns are so little-known.

Homeownership and Unemployment

Author :
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Homeownership and Unemployment by :

Download or read book Homeownership and Unemployment written by and published by . This book was released on 2003 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Homeownership and the Labour Market in Europe

Author : Casper van Ewijk
Publisher : OUP Oxford
ISBN 13 : 0191562513
Total Pages : 267 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Homeownership and the Labour Market in Europe by : Casper van Ewijk

Download or read book Homeownership and the Labour Market in Europe written by Casper van Ewijk and published by OUP Oxford. This book was released on 2009-03-12 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing labour market flexibility is at the top of the European agenda. A new and challenging view is a lack of mobility in the labour market may arise from rigidities in the housing market. The research in this book has been inspired by the intriguing hypothesis put forward by Andrew Oswald that homeownership may be a hindrance to the smooth working of the labour markets, as homeowners tend to be less willing to accept jobs outside their own region. This book brings together leading economists from across Europe to analyse the interaction between housing markets and labour markets. In the EU homeownership rates have been on the increase, often as a result of government policies, making the barriers that homeownership creates in terms of labour mobility increasingly important. This book shows on the one hand, at the individual level, that homeownership limits the likelihood of becoming unemployed and increases the probability of finding a job once unemployed. On the other hand, the transaction costs inherent in the housing market and homeownership hamper job-to-job changes and increase unemployment at the country level. This insight provides a clear policy message to European policymakers: reform in the housing market, aimed at lowering transaction costs and providing less generous subsidies for homeowners could be an effective instrument for reducing unemployment and improving labour market flexibility.

Homeownership and the Labour Market in Europe

Author : Casper van Ewijk
Publisher : Oxford University Press
ISBN 13 : 0199543941
Total Pages : 266 pages
Book Rating : 4.1/5 (995 download)

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Book Synopsis Homeownership and the Labour Market in Europe by : Casper van Ewijk

Download or read book Homeownership and the Labour Market in Europe written by Casper van Ewijk and published by Oxford University Press. This book was released on 2009-03-12 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing labour market flexibility is at the top of the European agenda. A new and challenging view is that lack of mobility in the labour market may arise from rigidities in the housing market. This book brings together top European economists to analyse the interaction between housing and labour markets and provides clear policy messages.

Homeownership and Unemployment

Author : George Mawuli- Akpandjar
Publisher :
ISBN 13 :
Total Pages : 128 pages
Book Rating : 4.:/5 (919 download)

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Book Synopsis Homeownership and Unemployment by : George Mawuli- Akpandjar

Download or read book Homeownership and Unemployment written by George Mawuli- Akpandjar and published by . This book was released on 2015 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 methods and specifications. The second paper evaluates the effect of homeownership on unemployment spell using the March Current Population Survey (CPS) data 1990 to 2013. Using duration models, I find that when transition from unemployment to different types of employment (full time and part-time) is ignored, homeownership decreases the probability of exiting unemployment. However, when the transition to different types of employment is considered, homeowners compared to renters have a lower probability of exit into full-time employment but have a higher probability of exit into part-time employment. Results from competing risk models when the transition into full-time and part-time employments are modeled simultaneously also exhibit similar patterns. The final paper investigates job search intensity by unemployed homeowners and renters in the US using the American Time Use Survey (ATUS) data from 2003 to 2013. I use Ordinary Least Squares and two-limit Tobit methods to estimate my models. The findings from regression results across different specifications of the two models estimated using the full sample shows that, on average, homeowners search for jobs less intensively compared to renters. However, when the sample is disaggregated into different unemployed groups, I find that while job losers and temporary layoff homeowners search for jobs more intensively than renters, homeowners who are re-entrant and job leavers search for jobs less intensively than renters.

Communities in Action

Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309452961
Total Pages : 583 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Communities in Action by : National Academies of Sciences, Engineering, and Medicine

Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

Data-Driven Policy Impact Evaluation

Author : Nuno Crato
Publisher : Springer
ISBN 13 : 3319784617
Total Pages : 344 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Data-Driven Policy Impact Evaluation by : Nuno Crato

Download or read book Data-Driven Policy Impact Evaluation written by Nuno Crato and published by Springer. This book was released on 2018-10-02 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the light of better and more detailed administrative databases, this open access book provides statistical tools for evaluating the effects of public policies advocated by governments and public institutions. Experts from academia, national statistics offices and various research centers present modern econometric methods for an efficient data-driven policy evaluation and monitoring, assess the causal effects of policy measures and report on best practices of successful data management and usage. Topics include data confidentiality, data linkage, and national practices in policy areas such as public health, education and employment. It offers scholars as well as practitioners from public administrations, consultancy firms and nongovernmental organizations insights into counterfactual impact evaluation methods and the potential of data-based policy and program evaluation.

The Wage Curve

Author : David G. Blanchflower
Publisher : MIT Press
ISBN 13 : 9780262023757
Total Pages : 504 pages
Book Rating : 4.0/5 (237 download)

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Book Synopsis The Wage Curve by : David G. Blanchflower

Download or read book The Wage Curve written by David G. Blanchflower and published by MIT Press. This book was released on 1994 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Wage Curve casts doubt on some of the most important ideas in macroeconomics, labor economics, and regional economics. According to macroeconomic orthodoxy, there is a relationship between unemployment and the rate of change of wages. According to orthodoxy in labor economics and regional economics an area's wage is positively related to the amount of joblessness in the area. The Wage Curve suggests that both these beliefs are incorrect. Blanchflower and Oswald argue that the stable relationship is a downward-sloping convex curve linking local unemployment and the level of pay. Their study, one of the most intensive in the history of social science, is based on random samples that provide computerized information on nearly four million people from sixteen countries. Throughout, the authors systematically present evidence and possible explanations for their empirical law of economics.

Not Working

Author : David G. Blanchflower
Publisher : Princeton University Press
ISBN 13 : 0691205493
Total Pages : 462 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis Not Working by : David G. Blanchflower

Download or read book Not Working written by David G. Blanchflower and published by Princeton University Press. This book was released on 2021-04-13 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: Don't trust low unemployment numbers as proof that the labour market is doing fine - it isn't. 'Not Working' is about those who can't find full-time work at a decent wage - the underemployed - and how their plight is contributing to widespread despair, a worsening drug epidemic and the unchecked rise of right-wing populism.

The Effect of Housing Market Segmentation on Commuting

Author :
Publisher :
ISBN 13 :
Total Pages : 287 pages
Book Rating : 4.:/5 (646 download)

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Book Synopsis The Effect of Housing Market Segmentation on Commuting by :

Download or read book The Effect of Housing Market Segmentation on Commuting written by and published by . This book was released on 2005 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the role of urban spatial structure on commuting. Among the many forces that constitute the dimensions of urban structure, it is focused on the fragmentation of a metropolitan area into distinct housing submarkets. The study refers to this phenomenon as "housing market segmentation". Empirical analysis of the relationship between housing market segmentation and commute length in 85 metropolitan areas shows that housing market segmentation (as a component of urban spatial structure) lengthens commute distances. The operationalization of the IHMS rests on the definition of housing submarkets, which are derived by means of a fuzzy c -means algorithm. The performance of fuzzy clustering is evaluated in comparison with that of k -means methods. An F -test confirms that fuzzy clustering outperforms hard clustering. Fuzzy clustering is shown to be of great use in the classification of housing markets based on census data. The index of housing market segmentation is measured for 85 metropolitan areas. Housing market tends to be more segmented in large metropolitan areas while housing market segmentation is not correlated with geographic region. Complexity of industrial structure and racialized process of residential development seems to contribute to a high degree of housing market segmentation. Regression analysis of metropolitan-wide commute length shows that commute time is affected by labor market scale (e.g., the number of workers), labor market structure (e.g., composition of industry, specialization or diversification), labor market performance (e.g., unemployment), socioeconomic variables (e.g., income, age, ethnic composition), modal split, and urban form features (e.g., housing density). When commute length is defined in terms of vehicle miles, housing market segmentation is found to be an important contributing factor. The study indicates that disparity between residential neighborhoods (i.e., housing market segmentation as a component of urban structure) can impose negative impact on sustainable transportation.

Ethnic Unemployment Rates and Frictional Markets

Author : Laurent Gobillon
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (854 download)

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Book Synopsis Ethnic Unemployment Rates and Frictional Markets by : Laurent Gobillon

Download or read book Ethnic Unemployment Rates and Frictional Markets written by Laurent Gobillon and published by . This book was released on 2013 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Encyclopedia of Housing and Home

Author :
Publisher : Elsevier
ISBN 13 : 0080471714
Total Pages : 3870 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis International Encyclopedia of Housing and Home by :

Download or read book International Encyclopedia of Housing and Home written by and published by Elsevier. This book was released on 2012-10-09 with total page 3870 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available online via SciVerse ScienceDirect, or in print for a limited time only, The International Encyclopedia of Housing and Home, Seven Volume Set is the first international reference work for housing scholars and professionals, that uses studies in economics and finance, psychology, social policy, sociology, anthropology, geography, architecture, law, and other disciplines to create an international portrait of housing in all its facets: from meanings of home at the microscale, to impacts on macro-economy. This comprehensive work is edited by distinguished housing expert Susan J. Smith, together with Marja Elsinga, Ong Seow Eng, Lorna Fox O'Mahony and Susan Wachter, and a multi-disciplinary editorial team of 20 world-class scholars in all. Working at the cutting edge of their subject, liaising with an expert editorial advisory board, and engaging with policy-makers and professionals, the editors have worked for almost five years to secure the quality, reach, relevance and coherence of this work. A broad and inclusive table of contents signals (or tesitifes to) detailed investigation of historical and theoretical material as well as in-depth analysis of current issues. This seven-volume set contains over 500 entries, listed alphabetically, but grouped into seven thematic sections including methods and approaches; economics and finance; environments; home and homelessness; institutions; policy; and welfare and well-being. Housing professionals, both academics and practitioners, will find The International Encyclopedia of Housing and Home useful for teaching, discovery, and research needs. International in scope, engaging with trends in every world region The editorial board and contributors are drawn from a wide constituency, collating expertise from academics, policy makers, professionals and practitioners, and from every key center for housing research Every entry stands alone on its merits and is accessed alphabetically, yet each is fully cross-referenced, and attached to one of seven thematic categories whose ‘wholes' far exceed the sum of their parts

In Defense of Housing

Author : Peter Marcuse
Publisher : Verso Books
ISBN 13 : 1804294942
Total Pages : 257 pages
Book Rating : 4.8/5 (42 download)

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Book Synopsis In Defense of Housing by : Peter Marcuse

Download or read book In Defense of Housing written by Peter Marcuse and published by Verso Books. This book was released on 2024-08-27 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: In every major city in the world there is a housing crisis. How did this happen and what can we do about it? Everyone needs and deserves housing. But today our homes are being transformed into commodities, making the inequalities of the city ever more acute. Profit has become more important than social need. The poor are forced to pay more for worse housing. Communities are faced with the violence of displacement and gentrification. And the benefits of decent housing are only available for those who can afford it. In Defense of Housing is the definitive statement on this crisis from leading urban planner Peter Marcuse and sociologist David Madden. They look at the causes and consequences of the housing problem and detail the need for progressive alternatives. The housing crisis cannot be solved by minor policy shifts, they argue. Rather, the housing crisis has deep political and economic roots—and therefore requires a radical response.

Bulletin of the United States Bureau of Labor Statistics

Author :
Publisher :
ISBN 13 :
Total Pages : 846 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Bulletin of the United States Bureau of Labor Statistics by :

Download or read book Bulletin of the United States Bureau of Labor Statistics written by and published by . This book was released on 1969 with total page 846 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Mismatch Unemployment

Author : Aysegul Sahin
Publisher :
ISBN 13 : 9781457838200
Total Pages : 79 pages
Book Rating : 4.8/5 (382 download)

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Book Synopsis Mismatch Unemployment by : Aysegul Sahin

Download or read book Mismatch Unemployment written by Aysegul Sahin and published by . This book was released on 2012 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new database covering the universe of online U.S. job advertisements. Mismatch across industries and occupations explains at most 1/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share of the rise in unemployment explained by occupational mismatch is increasing in the education level.

Rethinking the Economics of Land and Housing

Author : Josh Ryan-Collins
Publisher : Zed Books Ltd.
ISBN 13 : 1786991217
Total Pages : 306 pages
Book Rating : 4.7/5 (869 download)

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Book Synopsis Rethinking the Economics of Land and Housing by : Josh Ryan-Collins

Download or read book Rethinking the Economics of Land and Housing written by Josh Ryan-Collins and published by Zed Books Ltd.. This book was released on 2017-02-28 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.