Books and journals Case studies Expert Briefings Open Access
Advanced search

Does housing market impair employment in The Czech Republic?

Martin Konecný (Department of Economics, University of Economics, Prague, Czech Republic)
Dominik Stroukal (Department of Economics, University of Economics, Prague, Czech Republic)

International Journal of Housing Markets and Analysis

ISSN: 1753-8270

Publication date: 3 August 2015

Abstract

Purpose

The main aim of this paper is to find whether homeownership can have detrimental effect on employment in The Czech Republic.

Design/methodology/approach

Oswald’s conjecture is tested on the set of panel data across Czech regions between the years of 2005 and 2012.

Findings

By testing a model similar to Oswald’s, this paper receives the similar result that the rate of homeownership leads to higher rate of unemployment in following years. The second model tested in the paper does not support previous findings that regional rate of homeownership has negative effect on individual’s probability of being unemployed.

Research limitations/implications

Findings of this paper are valid only for The Czech Republic. Possible refinements to the model are presented as inspiration for further research.

Practical implications

Results bring a powerful argument into debate about subsidization of homeowners through building societies.

Originality/value

This paper is a first examination of Oswald’s hypothesis in The Czech Republic. It opens a debate about whether Oswald’s conjecture holds outside of the Western world.

Keywords

  • Tenure
  • Labour market
  • Renting
  • Homeownership
  • Oswald’s puzzle
  • Regional unemployment

Citation

Konecný, M. and Stroukal, D. (2015), "Does housing market impair employment in The Czech Republic?", International Journal of Housing Markets and Analysis, Vol. 8 No. 3, pp. 318-334. https://doi.org/10.1108/IJHMA-09-2014-0039

Download as .RIS

Publisher

:

Emerald Group Publishing Limited

Copyright © 2015, Emerald Group Publishing Limited

Please note you do not have access to teaching notes

You may be able to access teaching notes by logging in via Shibboleth, Open Athens or with your Emerald account.
Login
If you think you should have access to this content, click the button to contact our support team.
Contact us

To read the full version of this content please select one of the options below

You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald account.
Login
To rent this content from Deepdyve, please click the button.
Rent from Deepdyve
If you think you should have access to this content, click the button to contact our support team.
Contact us
Emerald Publishing
  • Opens in new window
  • Opens in new window
  • Opens in new window
  • Opens in new window
© 2021 Emerald Publishing Limited

Services

  • Authors Opens in new window
  • Editors Opens in new window
  • Librarians Opens in new window
  • Researchers Opens in new window
  • Reviewers Opens in new window

About

  • About Emerald Opens in new window
  • Working for Emerald Opens in new window
  • Contact us Opens in new window
  • Publication sitemap

Policies and information

  • Privacy notice
  • Site policies
  • Modern Slavery Act Opens in new window
  • Chair of Trustees governance statement Opens in new window
  • COVID-19 policy Opens in new window
Manage cookies

We’re listening — tell us what you think

  • Something didn’t work…

    Report bugs here

  • All feedback is valuable

    Please share your general feedback

  • Member of Emerald Engage?

    You can join in the discussion by joining the community or logging in here.
    You can also find out more about Emerald Engage.

Join us on our journey

  • Platform update page

    Visit emeraldpublishing.com/platformupdate to discover the latest news and updates

  • Questions & More Information

    Answers to the most commonly asked questions here