The large research literature in urban labour market analysis is reviewed, with the emphasis ranging from attempts to model aggregate simultaneous interactions between residential and workplace location to more modern econometric work researching individual labour market behaviour. The job...

This paper studies the effect of deep recessions on intergenerational inequality by quantifying the welfare effects on households at different phases of the life cycle. Deep recessionary episodes are characterized by large declines in the prices of real and financial assets and in employment....