The Beveridge curve in the housing market
Università di Cassino e del Lazio Meridionale
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.