This paper reviews the empirical research that has been generated by Oswald’s thesis, which claims that there is a causal relationship from homeownership to unemployment. The literature confirms a decreasing effect of homeownership on geographical mobility of workers, but does not in general...

This paper analyzes the determinants of lay-offs, job-to-job movements and totalseparations with a unique data set that combines information on individual firmsand their workers. We are in particular interested in whether the lay-offpolicy of firms can explain the relatively high level of...