TY  - RPRT
        AU  - Lepinteur, Anthony
AU  - Clark, Andrew E.
AU  - D'Ambrosio, Conchita
        TI  - Unsettled: Job Insecurity Reduces Home-Ownership
        PY  - 2024/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 17038
        UR  - https://www.iza.org/index.php/publications/dp17038
        AB  - 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.
        KW  - homeownership
KW  - job insecurity
KW  - employment protection
KW  - difference-in-differences
        ER  -