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unemployment duration between homeowners and renters across geographic areas differentiated by the severity of the decline in home … duration. -- unemployment ; house prices ; mobility …
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duration models, I find that when transition from unemployment to different types of employment is ignored, homeownership …This paper provides new evidence on the effect of homeownership on unemployment spells by disaggregating exit from …
Persistent link: https://www.econbiz.de/10013048258
In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
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In this paper, we present a directed search model of the housing market. The pricing mechanism we analyze reflects the way houses are bought and sold in the United States. Our model is consistent with the observation that houses are sometimes sold above, sometimes below and sometimes at the...
Persistent link: https://www.econbiz.de/10011379608
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