Relationship between Housing and Employment - Report

Added on - 28 May 2020

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Running head: PROJECT REPORT1The Impact of Unemployment on Housing in AustraliaName:Institution Affiliation:
PROJECT REPORT2Table of ContentsIntroduction.................................................................................................................................................2Aim of the research.....................................................................................................................................2Justification of the study..............................................................................................................................3Research questions......................................................................................................................................3Critical Literature review.............................................................................................................................3Methodology...............................................................................................................................................6Discussion.................................................................................................................................................11Conclusion and recommendations.............................................................................................................13Limitations................................................................................................................................................14References.................................................................................................................................................15
PROJECT REPORT3IntroductionThis report analyzes the relationship between housing related variables together withemployment. For example, housing could possibly blunt incentives to function and depressemployment rates- an hypothesis that has drawn a substantial attention from the numerousauthorities reports. This relationship between the housing together with employment has surfaceddue to the structural changes in the Australian housing markets (Brand, 2015). This might havean important influence on the productivity particularly in a country which has an ageingpopulation, and debt in addition to the housing equity that is unevenly spread across thegenerations. This report has drawn the dataset from the Australian statistic Bureau to investigatethe hypothesized relationship(Brand, 2015). There is deployment of the statistical measuresalong with the multivariate techniques to generate the robust empirical evidence which couldhelp inform the relevant reforms in the policy.Aim of the researchThe intent behind this study research would be to conduct an empirical investigation into theimplication housing arrangement and the employment (Carson & Kerr, 2017). The study aims tobroaden on the existing evidence base, to be able to inform a policy reform agenda whichemphasizes the rise in the employment involvement rates in order to counter on the labourmarket consequences. The project is aimed at the housing and the labour supply, especially in theemployment.Justification of the studyThis research study has been centered on housing and employment in Australia. The aspect offinancial boost has been an invaluable aid to facilitate the employees into the home ownership.The beneficiaries could sustain the same revenue level at the lower level of the involvement of
PROJECT REPORT4the employment. The weaker labour industry usually ties might seize the form of the reducedlabour supply(Brand, 2015). Intergenerational transfer could support the greater tolerance to therisk. There exists some evidence for the anticipation or the receipt of the bequest which weakensthe propensity to save.Research questionsThe key aims of the project is summarized in the following research questions1)To find if there is there a correlation between the employment rate in addition to housingin Australia?2)How considerable is the correlation between the rate of unemployment and housing inAustralia, which is this correlation strong or perhaps weak?To embark on the study, the data that should be relied is Australian Bureau of statisticsurvey, from housing from 2005 to 2017 and the data type is Index while employmentdata is taken out from 1978 to 2017 and the data kind is Percent ( Carson & Kerr ,2017 ) . This bureau happens to be the stable Australian data source which owns itsabundant reserve of the household and individual amount of the information that coverswide variety themes.Critical Literature reviewWhile the literature on the housing and unemployment is extensive, analysis which deals withboth issues conjointly are very limited(Carson & Kerr, 2017). Most of the housing studies theyregard unemployment as just one of the precipitating factors. It is thus from this perspectivewhich we analyze the relevant literature, focusing on the Australian evidence as well as theinternational studies where relevant. Housing issues has been complex and multi-dimensional
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