Is there a Link between Home Ownership and Unemployment Levels? Evidence from German Regional Data

Research Seminars

Using German regional data for 1998, 2002 and 2006, this study reexamines the Oswald hypothesis, the conjecture that high levels of home ownership are linked to inferior outcomes in regional labor markets. Applying a set of controls for regional unemployment rates, three different econometric models are specified and estimated: a cross-sectional model, a pooled data model, and a model taking into account unobserved time-invariant effects on regional unemployment rates. It is found that the link between home ownership and unemployment levels is inverse in cross-section but positive in panel estimations. The economic significance of the relationship is small in both cases, however. Factors like average labor productivity, participation, export orientation and human capital endowment seem to dominate the impact of home ownership on unemployment in German regions.


Oliver Lerbs

Research Associate, Oliver Lerbs // Fachhochschule für öffentliche Verwaltung Nordrhein-Westfalen

Zum Profil


Research Associate, Peter Westerheide
Zum Profil




Klicken Sie auf den unteren Button, um den Inhalt nachzuladen. (Ich bin damit einverstanden, dass mir externe Inhalte angezeigt werden. Mehr dazu in unserer Datenschutzerklärung.)

  • Raum Heinz König Hall