market flows and reduce unemployment duration. Without attempting to evaluate the specific components of these Hartz reforms …

unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less … depends crucially on the importance of mobility costs; (2) while higher homeownership may harm macroeconomic labour market …

Immigration is often blamed for increasing unemployment among local workers. However, standard models, such as the … labor market without affecting local unemployment. This paper presents a more general model of migration that allows for the … possibility that not only the wages but also the unemployment rate of local workers may be affected by the arrival of newcomers …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …