unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less … depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market …In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate …

models. We discuss estimation, policy evaluation with the estimated model, equilibrium model versions, and the decomposition …

Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

different estimation methods and different types of data. We propose and apply an unconditional inference method that can be … we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

This paper develops a life-cycle approach to equilibrium unemployment. Workers only differ respectively to their …

costs and thereby regional mobility and unemployment. The paper analyzes the impact of symmetric and asymmetric shocks on … mobility and unemployment, and discusses effects of government intervention in the housing market. In addition, it is shown … higher levels of unemployment although home-owners tend to be unemployed less. The choice of housing tenure affects moving …