Title of article :
Housingandthelabormarket:Timetomoveand
aggregateunemployment
Author/Authors :
Peter Rupert، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 2012
Abstract :
Conventionalmacro-searchmodels(MortensenandPissarides)withunemployment
benefitsandtaxeshavebeenabletoaccountforthevariationinunemploymentrates
acrosscountriesbutdonotaccountfortherolegeographicmobilityorcommutingtime
mightplay.Webuildamodelinwhichbothunemploymentandmobilityratesare
endogenous.Ourfindingsindicatethatanincreaseinunemploymentbenefitsandin
taxesdoesnotgenerateastrongdeclineinmobilitybutdoesincreaseunemployment
as inthestandardmodel.Wefindthatwithhighercommutingcoststheeffectof
housingfrictionsplaysalargeroleandcangenerateasubstantialdeclineinmobility
Journal title :
Journal of Monetary Economics
Journal title :
Journal of Monetary Economics
