duration. -- unemployment ; house prices ; mobility …A recent decline in geographic mobility in the United States may have been caused in part by falling house prices …, through the "lock in" effects of financial constraints faced by households whose housing debt exceeds the market value of …

commuting costs the effect of housing frictions plays a large role and can generate a substantial decline in mobility. We show … unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our …

A recent decline in geographic mobility in the United States may have been caused in part by falling house prices …, through the lock in effects of financial constraints faced by households whose housing debt exceeds the market value of their … home. I analyze the relationship between such house lock and the elevated levels and persistence of unemployment during the …

country has experienced since the Great Depression. The unemployment rate reached as high as 10.1 percent in October 2009 … those in the past by examining worker flows into and out of unemployment taking into account changes in the demographic … results indicate that the increase in the unemployment rate is driven to a larger extent by the lack of hiring (low outflows …

the US unemployment rate. We perform a deep out-of-sample forecasting comparison analyzing many models that adopt both our … the GI outperform the traditional ones in predicting the monthly unemployment rate, even in most state-level forecasts and …