We explore the hypothesis that high home-ownership damages the labor market. Our results are relevant to, and may be worrying for, a range of policy-makers and researchers. We find that rises in the home- ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in...

In the wake of a severe recession and a sluggish recovery, labor market slack cannot be gauged solely in terms of the conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching for a job). Rather, assessments of the...

This paper describes measurement of a self-employment rate and the important role the agricultural sector plays in any analysis of the determinants of self-employment. The determinants of the self-employment rate are modeled using a panel of 23 countries for the period 1966-1996. A similar...

I present information on self-employment from seventy countries. Self-employment rates are generally down across the OECD. The main exceptions are the UK, and New Zealand. The probability of being self-employed across the OECD is higher for men and for older workers compared with younger...