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 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.

Bibliographic Details

Main Author:	Komarov, Vladyslav
Format:	Working Paper biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2011-09
Subjects:	AFFORDABLE HOUSING, APARTMENT, APARTMENT BUILDINGS, APARTMENT UNITS, APARTMENTS, CITIES, CIVIL CODE, COMMON PROPERTY, COMMUNITIES, CONSTRUCTION INDUSTRY, DEVELOPERS, DISTRICTS, DORMITORIES, DWELLING, DWELLINGS, ECONOMIC DEVELOPMENT, EVICTION, HOME OWNERS, HOME OWNERSHIP, HOMEOWNER, HOMEOWNERS, HOMES, HOSTELS, HOUSE PRICES, HOUSEHOLDS, HOUSES, HOUSING, HOUSING AFFORDABILITY, HOUSING ALLOWANCES, HOUSING COMPANY, HOUSING CONDITIONS, HOUSING CONSTRUCTION, HOUSING COSTS, HOUSING DENSITY, HOUSING DEVELOPMENT, HOUSING MAINTENANCE, HOUSING MANAGEMENT, HOUSING MANAGEMENT COMPANIES, HOUSING MANAGEMENT OFFICES, HOUSING MARKET, HOUSING MARKETS, HOUSING POLICY, HOUSING PRICES, HOUSING RENT, HOUSING STATISTICS, HOUSING STOCK, HOUSING SUBSIDIES, HOUSING SUPPLY, INHABITANTS, INVENTORY, LABOR MARKET, LABOR MOBILITY, LABOUR MARKETS, LABOUR MOBILITY, LAND DEVELOPMENT, LANDLORD, LANDLORDS, LEASES, LIVING CONDITIONS, MAINTENANCE AND REPAIR, MAINTENANCE FEE, MORTGAGE MARKETS, MORTGAGES, NEIGHBORHOODS, OCCUPANCY RATES, OCCUPATION, OWNER OCCUPANCY, POINTS, PRIVATE HOUSING, PRIVATE PROPERTY, PROPERTY PURCHASE, PROPERTY RIGHTS, PROPERTY TAXES, PROPERTY VALUATION, PUBLIC HOUSING, REAL ESTATE, REAL ESTATE AGENTS, REAL ESTATE BUSINESS, REAL ESTATE PRICES, RENT CONTROLS, RENTAL HOUSING, RENTALS, RENTING, RENTS, REPAIR, RESIDENTIAL AREAS, RESIDENTIAL BUILDINGS, RESIDENTIAL MOBILITY, RESIDENTIAL REAL ESTATE, RURAL AREAS, SATELLITE TOWNS, SMALL TOWNS, SUBURBS, TAXATION, TENANCY, TENANTS, URBAN AREAS, URBAN DEVELOPMENT, URBAN HOUSING, UTILITIES, VILLAGES,
Online Access:	http://documents.worldbank.org/curated/en/270531468309374433/Housing-market-and-labor-mobility http://hdl.handle.net/10986/26793
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