House prices, wealth effects and labour supply
We examine the impact of house prices on labour supply decisions using UK micro data. We combine household survey data with local level house price measures and controls for local labour demand. Our micro data also allows us to control for individual level income expectations. We find significant ho...
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| Format: | Article |
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Wiley
2018
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| Online Access: | https://eprints.nottingham.ac.uk/43939/ |
| _version_ | 1848796801193213952 |
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| author | Disney, Richard Gathergood, John |
| author_facet | Disney, Richard Gathergood, John |
| author_sort | Disney, Richard |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | We examine the impact of house prices on labour supply decisions using UK micro data. We combine household survey data with local level house price measures and controls for local labour demand. Our micro data also allows us to control for individual level income expectations. We find significant house price effects on labour supply, consistent with leisure being a normal good. Labour supply responses to house prices are concentrated among young married female owners and older owners. This finding suggests house prices affect the decisions of marginal workers in the economy. Our estimates imply house prices are economically important for the participation decisions for these workers. |
| first_indexed | 2025-11-14T19:53:45Z |
| format | Article |
| id | nottingham-43939 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:53:45Z |
| publishDate | 2018 |
| publisher | Wiley |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-439392020-05-04T19:39:43Z https://eprints.nottingham.ac.uk/43939/ House prices, wealth effects and labour supply Disney, Richard Gathergood, John We examine the impact of house prices on labour supply decisions using UK micro data. We combine household survey data with local level house price measures and controls for local labour demand. Our micro data also allows us to control for individual level income expectations. We find significant house price effects on labour supply, consistent with leisure being a normal good. Labour supply responses to house prices are concentrated among young married female owners and older owners. This finding suggests house prices affect the decisions of marginal workers in the economy. Our estimates imply house prices are economically important for the participation decisions for these workers. Wiley 2018-06-07 Article PeerReviewed Disney, Richard and Gathergood, John (2018) House prices, wealth effects and labour supply. Economica, 85 (339). pp. 449-478. ISSN 1468-0335 Labour supply; Wealth effects; House prices http://onlinelibrary.wiley.com/doi/10.1111/ecca.12253/abstract doi:10.1111/ecca.12253 doi:10.1111/ecca.12253 |
| spellingShingle | Labour supply; Wealth effects; House prices Disney, Richard Gathergood, John House prices, wealth effects and labour supply |
| title | House prices, wealth effects and labour supply |
| title_full | House prices, wealth effects and labour supply |
| title_fullStr | House prices, wealth effects and labour supply |
| title_full_unstemmed | House prices, wealth effects and labour supply |
| title_short | House prices, wealth effects and labour supply |
| title_sort | house prices, wealth effects and labour supply |
| topic | Labour supply; Wealth effects; House prices |
| url | https://eprints.nottingham.ac.uk/43939/ https://eprints.nottingham.ac.uk/43939/ https://eprints.nottingham.ac.uk/43939/ |