The relationships among geographical mobility, unemployment and the value of owner-occupied housing are studied in an … more mobile than owners, the impact of home-ownership on aggregate unemployment is quantitatively small. -- Liquidity … ; mobility ; home-ownership ; unemployment …

We study the interactions among geographical mobility, unemployment and home-ownership in an economy with heterogeneous …-owners to accept job offers from other cities depends on how quickly they can sell their houses (i.e. their liquidity), which in … rate than do renters, generating a link between home-ownership and aggregate unemployment. When calibrated to match …

spell at the time of interview and on all previous spells back to one year before is used to construct unemployment duration … data. Unemployment spells are defined as a series of monthly episodes ending up in a transition to job or out of labour … force, or right-censored. For any unemployment spell recorded at the time of interview, the individual is asked to report on …

This paper investigates the effects of home-ownership on labour mobility and unemployment duration. We distinguish … between home-ownership and unemployment duration. Our empirical findings thus lend some support for the main mechanism behind … the so-called Oswald hypothesis, even if it does not find positive correlation between unemployment duration and home …

. The unemployment rate declined steadily as well, except for upward shifts due to the late 1990s Asian Financial Crisis and … homeownership and declining unemployment are linked and that the causality runs from high homeownership leading to high unemployment … unemployment is statistically fragile, but a greater prevalence of freehold ownership and mortgaged ownership below the mean across …

geographical mobility of workers, but does not in general confirm that homeowners have longer unemployment spells or higher … particular, it predicts lower geographical mobility of homeowners as well as higher exit rates from unemployment by acceptance of … causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on …

magnitude lower than previously reported in the literature and their effect on labor mobility and unemployment is significantly …We build a dynamic model of migration where, in addition to classical mobility costs, workers face informational … identification strategy is based on the premise that frictions affect the frequency of job transitions, while mobility costs impact …

equation for bilateral mobility that embodies a co-determined local unemployment term. As a theory of migration, our model … unemployment. Micro-founded in a setting where search friction regulates labor market transitions, we derive a migration gravity … connects directly with longstanding migration puzzles (e.g. declining internal mobility) as well as more novel concepts (e …