Housing and the labor market: Time to move and aggregate unemployment
成果类型：
Article
署名作者：
Rupert, Peter; Wasmer, Etienne
署名单位：
Institut d'Etudes Politiques Paris (Sciences Po); University of California System; University of California Santa Barbara
刊物名称：
JOURNAL OF MONETARY ECONOMICS
ISSN/ISSBN：
0304-3932
DOI：
10.1016/j.jmoneco.2011.10.008
发表日期：
2012
页码：
24-36
关键词：
摘要：
Conventional macro-search models (Mortensen and Pissarides) with unemployment benefits and taxes have been able to account for the variation in unemployment rates across countries but do not account for the role geographic mobility or commuting time might play. We build a model in which both unemployment and mobility rates are endogenous. Our findings indicate that an increase in unemployment benefits and in taxes does not generate a strong decline in mobility but does increase unemployment as in the standard model. We find that with higher commuting costs the effect of housing frictions plays a large role and can generate a substantial decline in mobility. (C) 2011 Elsevier B.V. All rights reserved.
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