Beugnot, Julie; Lacroix, Guy; Charlot, Olivier - 2014
In this paper we investigate Oswald's hypothesis according to which higher homeownership rates increase aggregate … unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less … following an (exogenous) increase in homeownership rates. We show that (1) Oswald's hypothesis does not always hold as it …