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Thread: Does High Home-Ownership Impair the Labor Market?

  1. #1

    Default Does High Home-Ownership Impair the Labor Market?

    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)

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  3. #3
    Politics.ie Member Amnesiac's Avatar
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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?

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    Politics.ie Member seabhcan's Avatar
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    Quote Originally Posted by Amnesiac View Post
    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.

  5. #5

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    Quote Originally Posted by Amnesiac View Post
    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.

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    Politics.ie Member drummed's Avatar
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    Bad spelling is probably not helping you either?
    Сохранить Украины

  7. #7

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    Quote Originally Posted by Bonsai Experiment View Post
    Labour market. .. good one.
    used the author's choice in the link...
    Last edited by YouKnowWhatIMeanLike; 8th May 2013 at 06:39 PM.

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