economy. A key issue examined is how the level of pain in a society is influenced by the unemployment rate. Method: The study … of the economy. Pain is high when the unemployment rate is high. That is not because of greater pain among people who …

-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a … unemployment rate. What mechanisms might explain this? We provide evidence that rises in home-ownership are associated with three …