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    Public employment and homeownership dynamics

    Camilli, A. and Gomes, Pedro (2022) Public employment and homeownership dynamics. Public Choice , ISSN 0048-5829.

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    Abstract

    Using micro data from the Italian Survey on Household Income and Wealth, we examine a previous undocumented dimension in which outcomes between public- and private-sector workers differ: homeownership. We show that public employees are more often homeowners than private employees are, and that this difference has widened after the Great Recession. We disentangle the effect of workers' characteristics from the role of public-sector jobs characteristics, such as higher wages or job security, on homeownership differences across sectors. We find that demographic characteristics are important in explaining the historical difference, but cannot explain the widening gap across sectors. The higher job security, re ected in higher share of permanent contracts in the public sector in Italy, explains most of the divergence among sectors after the Great Recession. Part of the mechanism works through the financial system, with permanent contracts workers being less likely to be refused a loan.

    Metadata

    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Administrator
    Date Deposited: 19 Oct 2022 14:24
    Last Modified: 18 Dec 2023 01:10
    URI: https://eprints.bbk.ac.uk/id/eprint/49471

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