Working paper 1/2019


The Beveridge curve in the housing market

Gaetano Lisi
Università di Cassino e del Lazio Meridionale

Maggio, 2019

Abstract: As opposed to a recent criticism (according to which a model à la Pissarides inherently generates a downward sloping Beveridge curve), this preliminary theoretical paper shows that a baseline search-and-matching model is able to take into account the main distinctive features of the housing market, thus generating an upward sloping Beveridge curve.

JEL codes: J63; J64; R21; R31; R32

Keywords: Search-and-matching models, housing markets, Beveridge curve.

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