We construct a bilateral search model of the housing market in which agents differ in their flow rewards while searching. Buyers and sellers enter the market with high flow rewards, but move at a Poisson rate to a state with low flow rewards if they do not transact in the meantime. We...

The Swedish adult education program known as the Knowledge Lift (kunskapslyftet) is unprecedented in size and scope. This paper evaluates the effects of program participation on individual labor market outcomes, in particular, employment and annual income, as well as on labor market equilibrium....