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Home ownership "is cause of joblessness".

Series: Financial Times ; 16 June 1999, 10(1)Publication details: 1999Subject(s): Summary: Andrew Oswald, professor of economics at the University of Warwick believes that high rates of home ownership equals high unemployment because of restricted job mobility, and the limited ability of the jobless to move for work. Oswald suggests private rental housing is one solution as it allows people to be mobile.

Andrew Oswald, professor of economics at the University of Warwick believes that high rates of home ownership equals high unemployment because of restricted job mobility, and the limited ability of the jobless to move for work. Oswald suggests private rental housing is one solution as it allows people to be mobile.