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 …

A recent decline in geographic mobility in the United States may have been caused in part by falling house prices …, through the lock in effects of financial constraints faced by households whose housing debt exceeds the market value of their … home. I analyze the relationship between such house lock and the elevated levels and persistence of unemployment during the …

This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply … dynamic optimization theory. We develop a general framework for the labor market where the search for a job involves dynamic …

we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …

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 …

This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply … dynamic optimization theory. We develop a general framework for the labor market where the search for a job involves dynamic …

Firing frictions and renegotiation costs affect worker and firm preferences for rigid wages versus individualized Nash … bargaining in a standard model of equilibrium unemployment, in which workers vary by observable skill. Rigid wages permit savings … on renegotiation costs and prevent workers from exploiting the firing friction. For standard calibrations, the model can …

we examine the policy effects of the minimum wage, unemployment benefits and search frictions. …