Decreuse, Bruno; van Ypersele, Tanguy - In: Journal of Public Economics 95 (2011) 11, pp. 1397-1409
Controlling for country fixed effects, there is a positive and statistically significant relationship between the degree of housing market regulation (HMR) and the strictness of employment protection legislation (EPL) in OECD countries. We provide a model in which HMR increases foreclosure costs...