unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less … depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market …In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate …

Homeownership, though it brings both private and social benefits, entails substantial fixed costs. Indeed, standard … personal financial advice suggests that homeownership should only be undertaken when one's job situation is stable and job … renters to become homeowners. An examination of job durations suggests that homeownership is correlated with longer job …

In this paper, we quantify the contribution of labor market reforms to unemployment dynamics in nine OECD countries … dynamic stochastic search-matching model with heterogeneous workers, where aggregate shocks to productivity fuel up the cycle … the heterogeneous-worker mechanism proposed by Robin (2011) to explain unemployment volatility by productivity shocks …

I study a dynamic search-matching model with two-sided heterogeneity, a production complementarity that induces labor …. The distribution of unemployment worker types adjusts slowly, which amplifies job creation in the short run. In the long … run, falling unemployment curtails the firms' vacancy posting. The model closely matches time-series moments from U …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle. …

According to search and matching theory, a greater availability of unemployed workers should make it easier for a firm …