Employment insecurity and first-time homeownership

Evidence from twenty-two European countries

P.M. Lersch, C.L. Dewilde

Research output: Contribution to journalArticleScientificpeer-review

Abstract

Many young people in Europe face employment insecurity, a condition which will likely persist following the global economic downturn that started with the financial crisis of 2007–08. Previous research has shown that employment insecurity impedes the entry into homeownership. It is, however, less clear how this delayed entry into homeownership is filtered by contextual arrangements at the country level. Using longitudinal data from the EU Statistics on Income and Living Conditions (2007–11), we confirm prior findings on the negative effect of employment insecurity across European countries. We also find contextual variations. In more marketised housing provision systems in Northern and Western Europe, where mortgages are readily available to those in secure employment, the negative effect of employment insecurity (relative to having secure employment) on the transition into homeownership is accentuated. In more familialistic systems with strongly regulated labour markets in Southern Europe, the difference between young people in different employment situations is smaller, yet still significant. We find similar-sized differences between those in insecure and secure employment in the Baltic States, but not in the other Eastern and Central European countries, where housing shortages impede the entry into homeownership for young people across different employment positions.
Original languageEnglish
Pages (from-to)607-624
JournalEnvironment and Planning A
Volume47
Issue number3
DOIs
Publication statusPublished - 2015

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homeownership
evidence
effect on employment
housing
employment situation
Baltic States
Southern Europe
Northern Europe
living conditions
Western Europe
financial crisis
housing provision
shortage
labor market
EU
statistics
income
economics

Cite this

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title = "Employment insecurity and first-time homeownership: Evidence from twenty-two European countries",
abstract = "Many young people in Europe face employment insecurity, a condition which will likely persist following the global economic downturn that started with the financial crisis of 2007–08. Previous research has shown that employment insecurity impedes the entry into homeownership. It is, however, less clear how this delayed entry into homeownership is filtered by contextual arrangements at the country level. Using longitudinal data from the EU Statistics on Income and Living Conditions (2007–11), we confirm prior findings on the negative effect of employment insecurity across European countries. We also find contextual variations. In more marketised housing provision systems in Northern and Western Europe, where mortgages are readily available to those in secure employment, the negative effect of employment insecurity (relative to having secure employment) on the transition into homeownership is accentuated. In more familialistic systems with strongly regulated labour markets in Southern Europe, the difference between young people in different employment situations is smaller, yet still significant. We find similar-sized differences between those in insecure and secure employment in the Baltic States, but not in the other Eastern and Central European countries, where housing shortages impede the entry into homeownership for young people across different employment positions.",
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Employment insecurity and first-time homeownership : Evidence from twenty-two European countries . / Lersch, P.M.; Dewilde, C.L.

In: Environment and Planning A, Vol. 47, No. 3, 2015, p. 607-624.

Research output: Contribution to journalArticleScientificpeer-review

TY - JOUR

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AU - Dewilde, C.L.

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AB - Many young people in Europe face employment insecurity, a condition which will likely persist following the global economic downturn that started with the financial crisis of 2007–08. Previous research has shown that employment insecurity impedes the entry into homeownership. It is, however, less clear how this delayed entry into homeownership is filtered by contextual arrangements at the country level. Using longitudinal data from the EU Statistics on Income and Living Conditions (2007–11), we confirm prior findings on the negative effect of employment insecurity across European countries. We also find contextual variations. In more marketised housing provision systems in Northern and Western Europe, where mortgages are readily available to those in secure employment, the negative effect of employment insecurity (relative to having secure employment) on the transition into homeownership is accentuated. In more familialistic systems with strongly regulated labour markets in Southern Europe, the difference between young people in different employment situations is smaller, yet still significant. We find similar-sized differences between those in insecure and secure employment in the Baltic States, but not in the other Eastern and Central European countries, where housing shortages impede the entry into homeownership for young people across different employment positions.

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