Vivienda Habitual y empleoefectos de la crisis económica en España

  1. Javier A. Barrios García 1
  1. 1 Universidad de La Laguna (España)
Journal:
Cuadernos económicos de ICE

ISSN: 0210-2633

Year of publication: 2015

Issue Title: La vivienda tras la crisis finanaciera global: nueva visión viejos problemas

Issue: 90

Pages: 55-78

Type: Article

DOI: 10.32796/CICE.2015.90.6107 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: Cuadernos económicos de ICE

Abstract

We analyze the effect of housing tenure choice (owning/renting) on the employm-ent status of individuals (employed/unemployed) using panel data for spain over the period 2004-2013. Taking into account unobserved heterogeneity, the endog-eneity of housing tenure choice, and distinguishing between spurious state dependence and a true one, we find that the aggregated regional homeownership rate does not have any significant spillover effect on the probability of employment, while owning a home significantly and robustly increases the likelihood of employment around 2 percentage points, especially for those owners with a mortgage outstanding, vanishing this effect for the outright owners.

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