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Housing, Wages and UK Labour Markets.

Abstract:

There is a considerable literature concerning the effects on labor mobility of imperfections in United Kingdom markets for rented housing (such as the 1987 book by Minford et al. and several articles by Hughes and McCormick). This paper examines the interaction of labor and housing markets, including the owner-occupied sector, in a more general framework. Our analysis has implications for the behavior of aggregate wages in the UK and for the relationship between aggregate unemployment and unf...

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Volume:
268
Publication date:
1988-01-01
URN:
uuid:5a59ce0f-b2bb-4c2d-8070-132776d91982
Local pid:
oai:economics.ouls.ox.ac.uk:11678
Language:
English

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