Ayuda
Ir al contenido

Dialnet


Mortgage market, housing tenure choice and unemployment

    1. [1] University of Cassino and Southern Lazio

      University of Cassino and Southern Lazio

      Cassino, Italia

  • Localización: Working papers = Documentos de trabajo: Serie AD, Nº. 5, 2015, págs. 1-22
  • Idioma: inglés
  • Enlaces
  • Resumen
    • Following the evidence that housing costs may impair the proper functioning of the labour market, this paper develops a search and matching model where trading frictions in the mortgage and labour markets interact with each other. Precisely, the employment status affects the probability to get a mortgage. In turn, the granting or not of the mortgage affects the housing tenure choice (tenancy or owner occupancy). Finally, the housing tenure choice affects the unemployment rate. It will show that tenants generate a greater effort in searching for a job since employed workers have a greater chance of getting a mortgage. As a result, the positive correlation between the homeownership and unemployment rates emerges as quite consistent with the evidence that homeowners tend to be unemployed less often than tenants.


Fundación Dialnet

Dialnet Plus

  • Más información sobre Dialnet Plus

Opciones de compartir

Opciones de entorno