¿Incide la forma de tenencia de la vivienda habitual sobre la situación de empleo en España?

  1. Rodríguez Hernández, José E.
  2. Barrios García, Javier Amós
Journal:
Estudios de economía aplicada

ISSN: 1133-3197 1697-5731

Year of publication: 2012

Issue Title: La economía del deporte

Volume: 30

Issue: 2

Pages: 751-752

Type: Article

More publications in: Estudios de economía aplicada

Abstract

The objective of this study is to provide more empirical evidence on the possible existence in Spain of causal rela-tionships between housing tenure choice (ownership/rental) and the employment status of household head (em-ployed/unemployed), separating this effect from the one generated by other covariates and unobservables which might affect, as well as from the reverse causal effect that might exist. With this aim, based on micro data from the Survey of Living Conditions for 2010 and the approach of the literature of treatment effects, we estimate switching probit models that relate these variables at the microeconomic level. The results obtained allow us to assert that owning the main residence, whether it is mortgaged or not, increases the probability of employment around 10%.

Bibliographic References

  • AAKVIK, A.; HECKMAN, J. J. y VYTLACIL, E. J. (2005). “Estimating treatment effects for discrete outcomes when responses to treatment vary: an application to Norwegian vocational rehabilitation programs”. Journal of Econometrics, 125, pp. 15-51.
  • BARCELÓ, C. (2006). “Housing tenure and labour mobility: a comparison across European countries”. Documentos de Trabajo del Banco de España nº 0603, Madrid.
  • BARRIOS, J. A. y RODRÍGUEZ, J. E. (2004). “User cost changes, unemployment and home-ownership: evidence from Spain”. Urban Studies, 41 (3), pp. 563-578.
  • BARRIOS, J. A. y RODRÍGUEZ, J. E. (2005). “Un modelo logit multinomial mixto de tenencia de vivienda”. Revista de Economía Aplicada, 13 (38), pp. 5-27.
  • BENTOLILA, S. y BLANCHARD, O. J. (1990). “Spanish unemployment”. Economic Policy, 10, pp. 234-281.
  • BLANCHFLOWER, D. G. y OSWALD. A. J. (1994). "The wage curve". Cambridge, MA: MIT Press.
  • BÖHEIM, R. y TAYLOR, M. P. (2002). “Tied down or room to move? Investigating the relationships between housing tenure, employment status and reside”. Scottish Journal of Political Economy, 49 (4), pp. 369-392.
  • BOVER, O.; MUELLBAUER, J. y MURPHY, A. (1989). “House prices, wages and the UK labour market”. Oxford Bulletin of Economics and Statistics, 51, pp. 97-136.
  • BRUNET, C. y LESUEUR, J. Y. (2009). “Do homeowners stay unemployed longer? A French microeconometric study". En Van Ewijk, C. y Van Leuvenjstein, M. (eds.), Homeownership and the labour market in Europe (pp. 137-160). New York: Oxford University Press.
  • CARRASCO, R. (2001). “Binary choice with binary endogenous regressors in panel data: estimating the effect of fertility on female labor participation”. Journal of Business and Economic Statistics, 19 (4), pp. 385-394.
  • COULSON, N. E. y FISHER, L. M. (2002). “Tenure choice and labour market outcomes”. Housing Studies, 17, pp. 35-49.
  • COULSON, N. E. y FISHER, L. M. (2009). “Housing tenure and labor market impacts: the search goes on”. Journal of Urban Economics, 65 (3), pp. 252- 264.
  • DOHMEN, T. J. (2005). “Housing mobility and unemployment”. Regional Science and Urban Economics, 35, pp. 305-325.
  • FLATAU, P.; FORBES, M.; HENDERSHOTT, P. H. y WOOD, G. (2003). “Homeownership and unemployment: The roles of leverage and public housing”. NBER Working paper 10021, Cambridge, MA.
  • GARCÍA, C. (2012). “Del pasmo al marasmo: El sector de la construcción y su relación con la crisis del empleo”. Estudios de Economía Aplicada, 30 (1), pp. 163-182.
  • GREEN, R. K. y HENDERSHOTT, P. H. (2003). “Home ownership and duration of unemployment a test of the Oswald Hypothesis”. CULER working paper 03-07, University of Wisconsin-Madison.
  • HECKMAN, J. J.; LALONDE, R. J. y SMITH, J. A. (1999). “The economics and econometrics of active labor programs”. En Ashenfelter, O. C. and Card, D. (eds.), Handbook of Labor Economics Vol. 3. Amsterdam: North Holland.
  • HECKMAN, J. J.; LOCHNER, L. y TABER, C. (1998). “General equilibrium treatment effects: a study of tuition policy”. American Economic Review, 88 (2), pp. 381-386.
  • HECKMAN, J. J.; TOBIAS, J. L. y VYTLACIL, E. (2003). “Simple estimators for treatment parameters in a latent-variable framework”. The Review of Economics and Statistics, 85 (3), pp. 748-755.
  • HENLEY, A. (1998). “Residential mobility, housing equity and the labour market”. The Economic Journal, 108, pp. 414-427.
  • HUGHES, G. y MCCORMICK, B. (1987). “Housing markets, unemployment and labour market flexibility in the UK”. European Economic Review, 31, pp. 615- 645.
  • IOANNIDES, Y. M. y LOURY L. D. (2004). "Job information networks, neighborhood effects, and inequality". Journal of Economic Literature, XLII, pp. 1056-1093.
  • LAYARD, R. N.; NICKELL, S. J. y JACKMAN, R. (1991). "Unemployment: Macroeconomic performance and the labour market". Oxford: Oxford University Press.
  • MUNCH, J. R.; ROSHOLM, M. y SVARER, M. (2006). “Are homeowners really more unemployed?”. The Economic Journal, 116, pp. 991-1013.
  • MUNCH, J. R.; ROSHOLM, M. y SVARER, M. (2008). “Home ownership, job duration and wages”. Journal of Urban Economics, 63, pp. 130-145.
  • NICKELL, S. (1998). “Unemployment: questions and some answers”. The Economic Journal, 108, pp. 802-816.
  • O’HIGGINS, N. (1994). “YTS, employment, and sample selection bias”. Oxford Economic Papers, 46, pp. 605-628.
  • OSWALD, A. J. (1996). “A conjecture on the explanation for high unemployment in the industrialized nations: Part I”. Warwick Economics Research Paper, #475, University of Warwick.
  • OSWALD, A. J. (1997). A theory of homes and jobs, mimeo, unpublished manuscript. University of Warwick.
  • PHELPS, E. S. (1994). "Structural slumps: the modern theory of unemployment, interest, and assets". Cambridge, MA: Harvard University Press.
  • PISSARIDES, C. A. (2000). "Equilibrium unemployment theory". Cambridge: MIT Press.
  • RIVERS, D. y VUONG, Q. H. (1988), “Limited information estimators and exogeneity tests for simultaneous probit models”. Journal of Econometrics, 39, pp. 347-366.
  • RODRÍGUEZ, J. E. y BARRIOS, J. A. (2007). “Estimación microeconométrica de la tenencia y demanda de vivienda en España según la localización”. Estudios de Economía Aplicada, 25 (1), pp. 453-484.
  • ROUWENDAL, J. y NIJKAMP, P. (2010). “Homeownership and labour market behaviour: interpreting the evidence”. Environment and Planning A, 42 (2), pp. 419-433.
  • VAN LEUVENJSTEIN, M. y KONING, P. (2004). “The effect of home-ownership on labor mobility in the Netherlands”. Journal of Urban Economics, 55, pp. 580-596.
  • VAN EWIJK, C. y VAN LEUVENJSTEIN, M. (2009). "Homeownership and the labour market in Europe". New York: Oxford University Press.
  • WOOLDRIDGE, J. M. (2010). Econometric analysis of cross section and panel data, 2ª Ed., Cambridge MA: The MIT Press.