Vermeulen, Wouter; Ommeren, Jos van - 2005
housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that … amenities, housing is found to be about 3 percent less expensive on average in cities where unemployment is 10 percent up. An … analysis of housing demand survey data, which takes account of housing heterogeneity, yields a similar negative relationship …
