How Does Public Regulation Affect Growth?

University of Aarhus Economics Working Paper No. 2003-14

Posted: 21 Oct 2003

See all articles by Tue Gørgens

Tue Gørgens

Australian National University (ANU) - Research School of Economics (RSE)

Martin Paldam

Aarhus University - Department of Economics and Business Economics

Allan Wurtz

Aarhus University - Department of Economics and Business Economics

Abstract

This paper investigates the effects of home-ownership on labour mobility and unemployment duration. We distinguish between finding employment locally or by being geographically mobile. We find that home ownership hampers the propensity to move for job reasons but improves the chances of finding local jobs, which is in accordance with the predictions from our theoretical model. The overall hazard rate into employment is higher for home owners, such that there is a negative correlation between home-ownership and unemployment duration. Our empirical findings thus lend some support for the main mechanism behind the so-called Oswald hypothesis, even if it does not find positive correlation between unemployment duration and home ownership at the individual level.

Keywords: Home ownership, labour mobility, unemployment duration

JEL Classification: C14, D7, O4

Suggested Citation

Gorgens, Tue and Paldam, Martin and Wurtz, Allan, How Does Public Regulation Affect Growth?. University of Aarhus Economics Working Paper No. 2003-14, Available at SSRN: https://ssrn.com/abstract=442861

Tue Gorgens

Australian National University (ANU) - Research School of Economics (RSE) ( email )

Canberra, Australian Capital Territory 0200
Australia

Martin Paldam (Contact Author)

Aarhus University - Department of Economics and Business Economics ( email )

Universitetsparken
Building 350
DK-8000 Aarhus C
Denmark
+45 8942 1133 (Phone)
+45 8613 6334 (Fax)

Allan Wurtz

Aarhus University - Department of Economics and Business Economics ( email )

Universitetsparken
Building 350
DK-8000 Aarhus C
Denmark
+45 8942 1133 (Phone)
+45 8613 6334 (Fax)

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