Home ownership, job duration and wages

Home ownership, job duration and wages

by Jakob Roland Munch

Book 2110 of Discussion Paper --

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"We investigate the impact of home ownership on individual job mobility and wages in Denmark. We find that home ownership has a negative impact on job-to-job mobility both in terms of transition into new local jobs and new jobs outside the local labour market. In addition, there is a clear negative effect of home ownership on the unemployment risk and a positive impact on wages. These results are robust to different strategies for correcting for the possible endogeneity of the home owner variable"--Forschungsinstitut zur Zukunft der Arbeit web site.

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