The Role of Homeownership in the Labor Market
This paper examines the impact of homeownership on the labor market. Literature tends to confirm that homeowners have lower geographical mobility, which leads to worse labor mobility. Labor and locational mobility is the underlying argument of the so-called Oswald hypothesis, which states that housing tenure leads to inferior labor market outcomes. Although this hypothesis is theoretically sound, empirical works have shown that homeownership does not necessarily increases unemployment duration and/or rates.
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