search and matching model where trading frictions in the mortgage, housing and labour markets interact with each other … greater chance of getting a mortgage to buy a home. As a result, the positive correlation between the homeownership and …. Precisely, the employment status affects the probability to get a mortgage. In turn, the granting or not of the mortgage affects …

that home-owning does not increase peoples' unemployment probabilities or significantly increase people's unemployment …

higher levels of unemployment although home-owners tend to be unemployed less. The choice of housing tenure affects moving … 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 …