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Titel
The role of the housing market in workers' resilience to job displacement after firm bankruptcy / Jordy Meekes (Utrecht University), Wolter H.J. Hassink (Utrecht University and IZA) ; IZA Institute of Labor Economics
VerfasserMeekes, Jordy ; Hassink, Wolter H. J. In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, July 2017
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Elektronische Ressource
Umfang1 Online-Ressource (41 Seiten) : Diagramme
SerieDiscussion paper ; no. 10894
URNurn:nbn:de:hbz:5:2-136197 Persistent Identifier (URN)
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The role of the housing market in workers' resilience to job displacement after firm bankruptcy [1.83 mb]
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Zusammenfassung

We examine the role of the housing market in workers' adjustment to job displacement. Dutch administrative data were used and analysed with a quasi-experimental design involving job displacement. The empirical design eliminates the potential of endogenous selection into labour turnover. The estimates show that displaced workers experience, in addition to substantial losses in employment and wage, an increase in the commuting distance and a decrease in the probability of moving home. These patterns change over the workers post-displacement period - the negative displacement effect on wages becomes more pronounced, whereas the increase in the commuting distance diminishes. Also, we examine the role of workers housing tenure in the displacement effects. Compared with displaced tenants and outright owners, we find that more leveraged displaced owners are more rapidly re-employed and experience a smaller increase in the commuting distance, but experience also a higher loss in wage.