{"id":51342,"date":"2023-12-01T17:36:41","date_gmt":"2023-12-01T16:36:41","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/homeownership-mobility-and-unemployment-evidence-from-housing-privatisation\/"},"modified":"2024-11-07T05:52:06","modified_gmt":"2024-11-07T04:52:06","slug":"homeownership-mobility-and-unemployment-evidence-from-housing-privatisation","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/51342\/","title":{"rendered":"Homeownership, Mobility, and Unemployment. Evidence from Housing Privatisation"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-51342","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that limit their job search to local labour markets. Empirical tests of this prediction have yielded mixed results so far, possibly due to the endogeneity of homeownership. This paper documents that the privatisation of public housing in Central and Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual households. This facilitates a new test of the effects of homeownership on mobility and unemployment. We find only weak evidence that homeowners are less willing to move and no evidence of higher unemployment risks relative to renters.","onlinedate":"2018-01-08 12:00:00","lang":"English","publication_series":"","publication_date":"20180101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"52","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":371209,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"548","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2018-01-08 12:00:00","types":[44410],"research_groups":[3481],"collaboration":"","persons":[12087,3621,12089,12091],"persons_data":"[{\"personId\":12087,\"personName\":\"Hana M. Broul\u00edkov\u00e1\",\"organisationNames\":[]},{\"personId\":3621,\"personName\":\"Peter Huber\",\"organisationNames\":[]},{\"personId\":12089,\"personName\":\"Josef Montag\",\"organisationNames\":[]},{\"personId\":12091,\"personName\":\"Petr Sunega\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\">Broul\u00edkov\u00e1, H. M.<span>, Huber, P.<\\\/span>, Montag, J., &amp; Sunega, P. (2018). <span>Homeownership, Mobility, and Unemployment. Evidence from Housing Privatisation<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (548). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60842\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/60842<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\">Broul\u00edkov\u00e1 HM<span>, Huber P<\\\/span>, Montag J, Sunega P. <span class=\\\"title\\\"><span>Homeownership, Mobility, and Unemployment. Evidence from Housing Privatisation<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2018 Jan;(548).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{f28fbd34481b4279acf3e84ba7027f5d,<\\\/div><div>  title    = \\\"Homeownership, Mobility, and Unemployment. Evidence from Housing Privatisation\\\",<\\\/div><div>  abstract = \\\"Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that limit their job search to local labour markets. Empirical tests of this prediction have yielded mixed results so far, possibly due to the endogeneity of homeownership. This paper documents that the privatisation of public housing in Central and Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual households. This facilitates a new test of the effects of homeownership on mobility and unemployment. We find only weak evidence that homeowners are less willing to move and no evidence of higher unemployment risks relative to renters.\\\",<\\\/div><div>  author   = \\\"Broul{\\\\'i}kov{\\\\'a}, \\\\{Hana M.\\\\} and Peter Huber and Josef Montag and Petr Sunega\\\",<\\\/div><div>  note     = \\\"Homeownership, Mobility, and Unemployment\\\",<\\\/div><div>  year     = \\\"2018\\\",<\\\/div><div>  month    = jan,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - Homeownership, Mobility, and Unemployment. Evidence from Housing Privatisation<\\\/p><p>AU  - Broul\u00edkov\u00e1, Hana M.<\\\/p><p>AU  - Huber, Peter<\\\/p><p>AU  - Montag, Josef<\\\/p><p>AU  - Sunega, Petr<\\\/p><p>N1  - Homeownership, Mobility, and Unemployment<\\\/p><p>PY  - 2018\\\/1<\\\/p><p>Y1  - 2018\\\/1<\\\/p><p>N2  - Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that limit their job search to local labour markets. Empirical tests of this prediction have yielded mixed results so far, possibly due to the endogeneity of homeownership. This paper documents that the privatisation of public housing in Central and Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual households. This facilitates a new test of the effects of homeownership on mobility and unemployment. We find only weak evidence that homeowners are less willing to move and no evidence of higher unemployment risks relative to renters.<\\\/p><p>AB  - Homeownership is believed to cause higher unemployment. This is because homeowners face higher mobility costs that limit their job search to local labour markets. Empirical tests of this prediction have yielded mixed results so far, possibly due to the endogeneity of homeownership. This paper documents that the privatisation of public housing in Central and Eastern Europe after the fall of the Iron Curtain resulted in a quasi-experimental assignment of homeownership to individual households. This facilitates a new test of the effects of homeownership on mobility and unemployment. We find only weak evidence that homeowners are less willing to move and no evidence of higher unemployment risks relative to renters.<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Homeownership, Mobility, and Unemployment. 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