Housing markets and regional unemployment flows in Great Britain

Robson, M.T.

doi:10.1111/1467-9957.00340

Housing markets and regional unemployment flows in Great Britain

Robson, M.T.

Authors

Dr Martin Robson m.t.robson@durham.ac.uk
Associate Professor

Abstract

Over the past 20 years, there has been a great deal of interest from academic economists and policymakers in the UK in the contribution of the housing market to regional disparities in unemployment. However, despite a considerable body of research, there remains a great deal of uncertainty concerning the role played by different features of the housing market in shaping the regional pattern of unemployment. In this study, we aim to gain a deeper understanding of this issue by examining the relationship between housing market variables and the flows into and out of regional unemployment. Our findings indicate that both the level of regional house prices and the housing tenure mix have significant effects on the rate of flows into and out of regional unemployment and hence upon the equilibrium rate of unemployment in a region. In particular, we find that regions with a relatively high level of house prices and/or a low proportion of social rented housing will tend to have a relatively low equilibrium rate of unemployment, other things equal.

Citation

Robson, M. (2003). Housing markets and regional unemployment flows in Great Britain. Manchester School, 71(2), 132-155. https://doi.org/10.1111/1467-9957.00340

Journal Article Type	Article
Publication Date	Mar 1, 2003
Deposit Date	Aug 26, 2008
Publicly Available Date	Aug 26, 2008
Journal	Manchester School
Print ISSN	1463-6786
Electronic ISSN	1467-9957
Publisher	University of Manchester
Peer Reviewed	Peer Reviewed
Volume	71
Issue	2
Pages	132-155
DOI	https://doi.org/10.1111/1467-9957.00340
Public URL	https://durham-repository.worktribe.com/output/1625143