Full Description
This book explores the dynamic relationship between housing tenure, employment status, and market outcomes through the lens of search-and-matching models. By focusing on search and matching as core features of the housing market trading process, it introduces a modern economic framework for analyzing housing markets.
Key topics include:
The role of search markets in shaping housing prices
Interactions between rental and sale prices of homes
Connections between homeownership and unemployment
The impact of housing needs on labor market policies
Designed for scholars and students of housing and labor economics, this book serves as both a comprehensive resource for researchers and a textbook for courses examining the interplay between housing tenure and labor market dynamics.
Contents
Chapter 1. The Fundamentals of a Search and Matching Model.- Chapter 2. A Basic Search and Matching Model of the Housing Market.- Chapter 3. The Effect of Trading Frictions on the House Price.- Chapter 4. Search and Matching in the "Four-Quadrant" Model.- Chapter 5. Matching in the Mortgage Market.- Chapter 6. Housing Tenure and Labour Market Outcomes.- Chapter 7. Homeownership and Equilibrium Unemployment.- Chapter 8. Outright Homeowners and Homeowners with a Mortgage.- Chapter 9. Wage and Homeownership.- Chapter 10. Job Mobility, Moving and Commuting.