Beugnot, Julie; Lacroix, Guy; Charlot, Olivier - Institute for the Study of Labor (IZA) - 2014
In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less mobile than tenants. Based on numerical simulations,...