Rural Romanian Housing Degradation – Effect of Land Restitution and Unemployment Rates

Housing, mobility and unemployment

The paper elucidates the relationship between housing tenure, regional mobility and unemployment. It develops a model that can explain the paradoxical empirical regularity that higher owner occupation rates are associated with higher levels of unemployment although homeowners tend to be unemployed less often. The choice of housing tenure affects moving costs and thereby regional mobility and un...

The effect of the housing market on mobility and unemployment

Rural Housing and Rural Sickness

Standing Committee of the House of Commons, are based upon urban needs and either misunderstand or ignore the rural problem. How acute that problem is and how gravely it affects the health of village dwellers is significantly indicated by the answers to a questionnaire that has been sent by the Leicestershire Health Insurance Committee to the panel doctors in the county. From the replies to the...

Unemployment, Financial Frictions, and the Housing Market

We develop and calibrate a two-sector, search-matching model of the labor market augmented to incorporate a housing market and a frictional goods market. The labor market is divided into a construction sector and a non-housing sector, and there is perfect mobility of unemployed workers across sectors. In the frictional goods market households, who lack commitment, …nance random consumption oppo...

Financial frictions, the housing market, and unemployment

We develop a two-sector search-matching model of the labor market with imperfect mobility of workers, augmented to incorporate a housing market and a frictional goods market. Homeowners use home equity as collateral to …nance idiosyncratic consumption opportunities. A …nancial innovation that raises the acceptability of homes as collateral raises house prices and reduces unemployment. It also t...