Geographic reallocation and unemployment during the great recession: the role of the housing bust

DOI10.1016/J.JEDC.2018.12.007MaRDI QIDQ1734531zbMATH OpenOpenAlexWikidataFDO

Authors Fatih Karahan, Serena Rhee

Publication date 27 March 2019

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2018.12.007

zbMATH Keywords

geographic reallocationhousing bustmigrationunemployment

Mathematics Subject Classification ID

Special types of economic markets (including Cournot, Bertrand) (91B54) Mathematical geography and demography (91D20)

Recommendations

• Housing liquidity, mobility, and the labour market
• Financial frictions, the housing market, and unemployment
• What explains the 2007-2009 drop in employment?
• Sectoral shifts and the mobility of displaced workers:
• How do foreclosures exacerbate housing downturns?

Cites work

• Block recursive equilibria for stochastic models of search on the job
• Housing liquidity, mobility, and the labour market
• The cyclical dynamics of illiquid housing, debt, and foreclosures
• The Impact of Consumer Credit Access on Unemployment
• Uncertainty and unemployment

Cited in

(5)

• Migration and urban economic dynamics
• Financial frictions, the housing market, and unemployment
• Causality in the Suburbanization of Population and Employment
• Housing liquidity, mobility, and the labour market
• What explains the 2007-2009 drop in employment?

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