how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of … decline while job loss rates increase, causing the overall unemployment rate to rise. We estimate this model structurally … requirements, increase unemployment rates by 6 percent points. We also find that declining labor demand decreases homeownership …

whether changes in matching frictions can explain the large and persistent increase in Mexican unemployment after the 2008 … unemployment rate. Hence, these results suggest that changes in matching frictions cannot explain most of the increase in … unemployment. …

characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration … nor different kinds of unemployment benefits influence reservation wages. Hence the findings corroborate the hypothesis …

an expected long period of unemployment make a job more valuable during recessions. I estimate the elasticity of the …

. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …