Labour supply and the cost of house price booms and busts

Low, Hamish; Sánchez Marcos, Virginia

doi:10.1016/j.labeco.2024.102591

dc.contributor.author	Low, Hamish
dc.contributor.author	Sánchez Marcos, Virginia
dc.contributor.other	Universidad de Cantabria	es_ES
dc.date.accessioned	2024-08-20T07:41:43Z
dc.date.available	2024-08-20T07:41:43Z
dc.date.issued	2024-10
dc.identifier.issn	0927-5371
dc.identifier.issn	1879-1034
dc.identifier.other	PID2019-108087RB-I00	es_ES
dc.identifier.uri	https://hdl.handle.net/10902/33494
dc.description.abstract	Fluctuations in house prices generate substantial heterogeneity in the price of purchase of similar dwellings depending on the time of purchase. These differences in the price of purchase have large effects on income-net-of-housing-costs. We document these effects using the large house price fluctuations during the recent housing boom-bust in Spain. Households can mitigate these impacts through changing labour supply. Men work more subsequent to paying higher house prices at purchase , whereas the correlation of house prices and labour supply for women is driven by selection: households where women work more, buy more expensive houses.	es_ES
dc.description.sponsorship	We thank Banco de España and Cristina Barceló for extensive assistance with the data. We thank Ernesto Villanueva and Clara Martínez-Toledano for helpful comments and to participants at the Symposium of the panish Economic Association 2021 in Barcelona and at the Annual Meeting of the Econometric Society 2022 in Milan. Sánchez-Marcos acknowledges financial support from the Spanish Government under Grant No. PID2019-108087RB-I00. Online Appendix: https://drive.google.com/file/d/1mN9oUViaAJEGyJtn7Eh7HHdgGhGhOcUb/view	es_ES
dc.format.extent	11 p.	es_ES
dc.language.iso	eng	es_ES
dc.publisher	Elsevier	es_ES
dc.rights	Attribution-NonCommercial 4.0 International	es_ES
dc.rights.uri	http://creativecommons.org/licenses/by-nc/4.0/	*
dc.source	Labour Economics, 2024, 90, 102591	es_ES
dc.subject.other	House price fluctuations	es_ES
dc.subject.other	Labour supply	es_ES
dc.subject.other	Life-cycle	es_ES
dc.subject.other	Mortgage payments	es_ES
dc.title	Labour supply and the cost of house price booms and busts	es_ES
dc.type	info:eu-repo/semantics/article	es_ES
dc.relation.publisherVersion	https://doi.org/10.1016/j.labeco.2024.102591	es_ES
dc.rights.accessRights	openAccess	es_ES
dc.identifier.DOI	10.1016/j.labeco.2024.102591
dc.type.version	publishedVersion	es_ES