We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …

causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on … geographical mobility of workers, but does not in general confirm that homeowners have longer unemployment spells or higher … unemployment rates. Even though this finding is related to heterogeneity in the labour force and associated selectivity effects …

firms can explain the relatively high level of unemployment amongstlower educated workers and the relatively strong … level of education can notexplain the stronger cyclicality of the unemployment rate for lower educatedworkers. We conclude …