High home ownership as a driver of high unemployment
High home ownership as a driver of high unemployment
background briefing series,policy briefing,behavioural economics and wellbeing
Andrew Oswald, The CAGE Background Briefing Series No. 41, August 2015
Unemployment is once again the bane of the US and Europe. This column highlights an intriguing association between home ownership and high unemployment using US state-level data. Given the heavy subsidisation of and rise in home ownership, this association merits more attention from economists.
Behavioural Economics and Wellbeing