Moriizumi, Yoko; Naoi, Michio - In: Regional Science and Urban Economics 41 (2011) 3, pp. 227-235
We examine the effect of unemployment risk on the timing of homeownership applying a survival analysis approach. Empirical results from the Split Population Duration (SPD) model suggest that: (1) unemployment risk has a significantly negative effect on homeownership and delays its timing even...