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One-third in Finland prepared to move for new jobs, bank's survey finds

Young adults were more likely to be willing to move to find work, while people over 50 were more reluctant to do so. 

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More than 40 percent of respondents of all ages said they would not be willing to move to find employment, while around 25 percent were unable to say what they would do. Image: Derrick Frilund / Yle

Around one third of respondents in Finland said they would be willing to move to get a job if the alternative was to remain unemployed, according to a survey commissioned by Nordea Bank.

Young adults were more likely to be willing to move to find work, while people over the age of 50 were more reluctant to do so.

More than 40 percent of respondents of all ages said they would not be willing to move to find employment, while around 25 percent were unable to say what they would do.

Nordea economist, Juho Kostiainen, noted that there are unfilled jobs around the country, but are often located in places different from where unemployed jobseekers reside.

"Especially at a time like this, when unemployment is rising, it would be worth considering incentivising and helping those searching for jobs to move," the economist said in a statement.

He said there were measures that could be taken at the governmental level that could make moving easier as well, including lowering the transfer tax, which a buyer usually pays when purchasing shares in a housing company or other stocks.

Kostianen also said that the mobility allowance programme -- which is a benefit the unemployed are entitled to if they are hired at a job that requires a round-trip commute exceeding three hours -- could be broadened.

The economist added that policymakers could tighten the obligations for accepting jobs when they are offered.

The bank's survey further found that Finnish residents are coping better with housing costs than they were in the spring. Confidence levels in housing price development have improved, as fewer people think that the value of their homes are set to decline due to the coronavirus crisis.

Nearly 80 percent of respondents said they were managing the cost of living as they were before the crisis. In a similar survey, that ratio was around 75 percent.

The web-based survey queried more than 1,000 residents on 11-18 September, 2020.

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