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Homeownership and the Labour Market in Europe$
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Casper van Ewijk and Michiel van Leuvensteijn

Print publication date: 2009

Print ISBN-13: 9780199543946

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199543946.001.0001

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Homeownership, Social Renting, and Labour Mobility across Europe

Homeownership, Social Renting, and Labour Mobility across Europe

(p.52) (p.53) 3 Homeownership, Social Renting, and Labour Mobility across Europe
Homeownership and the Labour Market in Europe

Thomas de Graaff

Michiel van Leuvensteijn

Casper van Ewijk

Oxford University Press

European unemployment is the main focus of this chapter. The chapter looks at various transaction costs such as financial, psychological, social, cultural, religious, and ethnic transaction costs. This chapter describes the differences in residence mobility patterns and social renting institutions in several countries. The chapter asserts that even if social leasing and privately owned residences encourage housing transaction expenditures, only renting heightens a person's probability of becoming unemployed. Potential justifications would be related to the relative returns of investment as well as the disadvantages perceived by both parties — homeowners and social renters. It would be interesting to explore the effects of these spending habits on the individual outflow of unemployment.

Keywords:   unemployment, transaction costs, residence mobility, social renting, labour market, homeownership

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