This paper builds a dynamic general equilibrium model of cities and uses it to analyze the role of local housing markets and moving costs in determining the character and extent of labor reallocation in the US economy. Labor reallocation in the model is driven by idiosyncratic city-specific...

This study investigated the relationships between housing, housing markets and the labour market. It considered factors such as geographic mobility, reservation wages (i.e. the minimum wage that an unemployed individual can accept) and job search behaviours across a range of housing tenures