Housing Market and Labor Mobility
Labor mobility is determined by a whole set of different factors, but housing market is clearly one of the most important ones. Individuals do not make employment decisions without taking into account options of housing market. Economy constantly c...
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| Language: | English en_US |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/270531468309374433/Housing-market-and-labor-mobility http://hdl.handle.net/10986/26793 |
| Summary: | Labor mobility is determined by a whole
set of different factors, but housing market is clearly one
of the most important ones. Individuals do not make
employment decisions without taking into account options of
housing market. Economy constantly changes and diverse
opportunities arise in different locations at different
points of time. Badly functioning housing market can cause
low labor mobility and restrain the ability of employers to
match vacancies in specific locations. The issue of labor
mobility is especially vital for developing countries.
Synovate, a global marketing research company, conducted
survey of labor mobility in Russia, Ukraine, Bulgaria and
Serbia (Synovate, 2010). Results of the survey showed
extremely low desire to relocate in Russia and Ukraine. If
offered 1.5 times increase in salary, around 80 percent of
respondents in Russia and Ukraine would still refuse to
relocate, though in Bulgaria and Serbia only 50 percent of
respondents would not change their location on this
conditions. Moreover, imperfections in housing market were
mentioned in this survey as one of the main reasons for low
mobility in Russia and Ukraine. Different characteristics of
housing market that can influence labor mobility are
discussed in this report. |
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