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House Prices and Employment Reallocation: International Evidence

Jimeno, Juan F; Bover, Olympia - Institute for the Study of Labor (IZA) - 2007

change. In this paper we estimate a model of labor demand in the construction sector, featuring building constraints, which … display larger elasticities of labor demand in the construction sector with respect to house prices than countries that seem … the whole economy, the elasticity of labor demand with respect to house prices is broadly similar across countries. …

Persistent link: https://www.econbiz.de/10005822115

House Prices and Employment Reallocation: International Evidence

Bover, Olympia; Jimeno, Juan F - C.E.P.R. Discussion Papers - 2007

Over the last decade house prices increased remarkably in many countries. However, while in several countries there was an employment boom in the construction sector, in others the share of employment in this sector did not significantly change. In this paper we estimate a model of labour demand...

Persistent link: https://www.econbiz.de/10005114290