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Does High Home-Ownership Impair the Labor Market?


YouKnowWhatIMeanLike

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Apr 13, 2011
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7,224
David Blanchflower and Andrew Oswald two British researchers have come up with a rather unpopular hypothesis.

And indeed their findings with US data seem to support their thesis that "high home-ownership impairs the vitality of the labor market and slowly grinds out greater rates of joblessness".

some contributing factors are listed as

  • lower labor mobility,
  • longer commutes, and
  • fewer new firms and establishments (NIMBY effects)
 

Amnesiac

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Oct 27, 2011
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Interesting idea. Settling in an area is the norm, especially when kids arrive. Plausible that this has an impact on labour mobility. What was the original rationale for boosting home-ownership rates?
 

seabhcan

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Sep 3, 2007
Messages
14,327
Interesting idea. Settling in an area is the norm, especially when kids arrive. Plausible that this has an impact on labour mobility. What was the original rationale for boosting home-ownership rates?
Ya, I'd say having kids is a bigger problem. I've read about how North Korea solved this issue - the state takes most kids into boarding schools to 'free their parents from the burden' and essentially allow greater worker mobility.
 

YouKnowWhatIMeanLike

Well-known member
Joined
Apr 13, 2011
Messages
7,224
Interesting idea. Settling in an area is the norm, especially when kids arrive. Plausible that this has an impact on labour mobility. What was the original rationale for boosting home-ownership rates?
genetic predisposition and Norman property obsession.
 

drummed

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Oct 22, 2010
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37,438
Bad spelling is probably not helping you either?
 
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