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Moving “away" from Opportunities?: Homeownership and Employment

dc.contributor.authorNavarrete, Pablo
dc.contributor.authorNavarrete, Nicolás
dc.coverage.spatialChileen_US
dc.date.accessioned2016-10-24T18:17:43Z
dc.date.available2016-10-24T18:17:43Z
dc.date.issued2016-07-10
dc.identifier.citationNavarrete, P., & Navarrete, N. (2016, July 10). Moving “away" from Opportunities?: Homeownership and Employment. CAF - Documento de trabajo;N° 2016/07, Santiago de Chile: CAF. Retrieved from https://scioteca.caf.com/handle/123456789/956en_GB
dc.identifier.urihttps://scioteca.caf.com/handle/123456789/956
dc.description.tableofcontentsHomeownership is promoted by the majority of OECD member countries. Nevertheless, the impact that owning a house can have on employment levels is not fully understood. In this paper, we estimate the causal effect of homeownership on employment using a regression discontinuity design that exploits an arbitrary threshold arising from a voucher-based homeownership program in Chile. We establish that homeownership decreases employment by between 3.85 and 5.33 percentage points. These results contrast with previous nonexperimental literature, which has often found a positive effect of homeownership on labor market outcomes. Our findings are primarily the result of individuals not entering the labor market, rather than workers being motivated to leave their job. We also find that families receiving a house through this program are neither more nor less likely to move to another labor market, contrary to what was proposed by previous theoretical papers. A likely mechanism driving the effect is that families moving into their own house under this program tend to see an increase in their monthly unearned income and in their housework obligations, which raises the minimum wage for which they are willing to work.en_US
dc.language.isoen_USen_US
dc.publisherCAFen_US
dc.relation.ispartofseriesCAF - Documento de trabajo;N° 2016/07
dc.rightsCC-BY-NCes_ES
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/es_ES
dc.subjectInvestigación socioeconómicaen_US
dc.subjectTrabajo y protección socialen_US
dc.subjectViviendaen_US
dc.titleMoving “away" from Opportunities?: Homeownership and Employmenten_US
dc.typeworkingPaperen_US
dc.publisher.citySantiago de Chileen_US


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