unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …

' relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To … reacts to regional employment shocks in a variety of cases. Shock responses are channelled via changes in unemployment …, unemployment and spatial mobility become the central ones in recession. We also provide evidence of real wage rigidities in both …

temporarily reduce unemployment and increase wages in periphery countries at the cost of somewhat higher unemployment in receiving …

, pushing the low skilled into unemployment. This latter hypothesis is confirmed by analyzing the effects of changes in labor … supply on unemployment. -- Immigration ; labor supply shocks ; border controls …

bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …