%0 Report
        %A Lepinteur, Anthony
%A Clark, Andrew E.
%A D'Ambrosio, Conchita
        %T Unsettled: Job Insecurity Reduces Home-Ownership
        %D 2024
        %8 2024 May
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 17038
        %U https://www.iza.org/index.php/publications/dp17038
        %X We here evaluate the link between job insecurity and one of the most-important decisions that individuals take: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise in job insecurity for younger workers. A difference-in-differences analysis of panel data from the European Community Household Panel shows that this greater job insecurity significantly reduced the probability of becoming a homeowner. This drop seems more attributable to individual preferences rather than greater capital constraints, consistent with individuals reducing their exposure to long-term financial commitments in more-uncertain environments.
        %K homeownership
%K job insecurity
%K employment protection
%K difference-in-differences