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homeownership and declining unemployment are linked and that the causality runs from high homeownership leading to high unemployment … and mortgaged homeownership. Generally, the evidence that a declining homeownership rate contributes to a lower …
Persistent link: https://www.econbiz.de/10012022713
In 1997 GDP per capita in East Germany was 57% of that of West Germany, wage rates were 75% of western levels, and the unemployment rate was at least double the western rate of 7.8%. One would expect that if capital flows and trade in goods failed to bring convergence, labor flows would respond,...
Persistent link: https://www.econbiz.de/10011325996
We investigate whether time-persistent cultural borders impede economic exchange across regions of the same country. To measure cultural differences we evaluate, for the first time in economics, linguistic micro-data about phonological and grammatical features of German dialects. These data are...
Persistent link: https://www.econbiz.de/10003939183
Conceptually, adopting a life course approach when analysing residential mobility enables us to investigate how experiencing particular life events affects mobility decision-making and behaviour throughout individual lifetimes. Yet although a growing body of longitudinal research links mobility...
Persistent link: https://www.econbiz.de/10009521186
We develop and estimate a theory-consistent gravity model for interregional migration flows in the presence of unemployment. Micro-founded in a setting where search friction regulates labor market transitions, we derive a migration gravity equation for bilateral mobility that embodies a...
Persistent link: https://www.econbiz.de/10013471455
"We investigate the determinants of housing satisfaction in twelve EU countries. To do so, we use panel data covering the period 1994-2001, which allows us to control for individual heterogeneity. We carry out separate estimates on the determinants of housing satisfaction for homeowners and for...
Persistent link: https://www.econbiz.de/10003375230
In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate … following an (exogenous) increase in homeownership rates. We show that (1) Oswald's hypothesis does not always hold as it … depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market …
Persistent link: https://www.econbiz.de/10010423759
Quality of life differences across areas can be measured by differences in "real wages" where real wages are computed as nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues, including how housing prices should be measured....
Persistent link: https://www.econbiz.de/10009568788
We analyze the effect of China's integration into the world economy on workers in the country and show that one important channel of impact has been internal migration. Specifically, we study the changes in internal migration rates triggered by the reduction in trade policy uncertainty faced by...
Persistent link: https://www.econbiz.de/10011795090
We investigate the wage assimilation of East Germans who migrated to West Germany after reunification (1990-1999). We compare their wage assimilation to that of ethnic German immigrants from Eastern Bloc countries and international immigrants to West Germany who arrived at the same time. The...
Persistent link: https://www.econbiz.de/10014582283