Do high levels of home-ownership create unemployment? Introducing the missing link between housing tenure and unemployment

《Do high levels of home-ownership create unemployment? Introducing the missing link between housing tenure and unemployment》

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关键字: Home-ownership; unemployment; regional labour market; job matching; mobility; Sweden; register data; LABOR-MARKET FLEXIBILITY; RESIDENTIAL-MOBILITY; POLITICAL-ECONOMY; MIGRATION; HOMEOWNERSHIP; NETHERLANDS; SEARCH; MODELS; SWEDEN; EQUITY

作者单位: [Borg, Ida] Stockholm Univ, Dept Human Geog, Stockholm, Sweden. [Branden, Maria] Stockholm Univ, Dept Sociol, Stockholm, Sweden. [Branden, Maria] Linkoping Univ, Inst Analyt Sociol, Norrkoping, Sweden. Borg, I (reprint author), Stockholm Univ, Dept Human Geog, Stockholm, Sweden. E-Mail: Ida.borg@humangeo.su.se

摘要: A large number of studies have demonstrated that the proportion of home-owners in a region tend to be positively associated with the unemployment levels in that region. In this paper, we introduce a missing piece of explaining this commonly found pattern. By analysing individual-level population register data on Sweden, we jointly examine the effects of micro- and macro-level home-ownership on individuals' unemployment. The findings indicate that even though home-owners have a lower probability of being unemployed, there is a penalty for both renters and home-owners on unemployment in regions with high home-ownership rates. Differences in mobility patterns cannot explain this pattern. However, when labour market size is considered, the higher probability of unemployment in high home-owning regions is drastically reduced. This suggests that high home-ownership regions tend to coincide with small labour markets, affecting the job matching process negatively.