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| HAL : halshs-00178576, version 1 |
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| Do homeowners stay unemployed longer ? A French micro-econometric study |
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| Carole Brunet 1Jean-Yves Lesueur 1 |
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| (12/2003) |
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| The objective of this paper is to provide microeconomic evidence for the so called “Oswald's hypothesis”, which is whether homeownership results in negative outcomes in the labour market. In a first step, a multinomial logit model for the choice of tenure status is estimated. Estimated probabilities of being either homeowner, renter or housed free of charge are then used to explain the length of an individual unemployment spell. This flexible method of estimation accounts for both censoring and selection bias, without constraining the shape of the hazard rate of leaving unemployment. Results from a 3,965 individuals French data set suggest that homeownership has a positive effect on unemployment duration. |
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| 1 : | Groupe d'analyse et de théorie économique (GATE) |
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CNRS : UMR5824 – Université Lumière - Lyon II – Ecole Normale Supérieure Lettres et Sciences Humaines |
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| Discipline | : | Sciences de l'Homme et Société/Economie et finances |
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| duration model – job search – mobility – residential status – selectivity bias |
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| halshs-00178576, version 1 | |
| http://halshs.archives-ouvertes.fr/halshs-00178576/fr/ | |
| oai:halshs.archives-ouvertes.fr:halshs-00178576_v1 | |
| Contributeur : Nelly Wirth | |
| Soumis le : Jeudi 11 Octobre 2007, 15:44:03 | |
| Dernière modification le : Jeudi 11 Octobre 2007, 16:10:43 | |
