It is the most-cited paper of all time in JOLE. (source: Thomson Reuters Web of Science Database, 2013) Other work was on the idea that high rates of home ownership lead to a high rate of unemployment (in the 1997 Journal of Economic Perspectives) and that oil price shocks are a key driver of movements in unemployment (in the 1998 Review of Economics and Statistics).
The paper holds the top citation record in JOLE. Thomson Reuters Web of Science Database confirms this in 2013. Other studies have investigated the relationship between high home ownership rates and unemployment rates (Journal of Economic Perspectives, 1997) and the impact of oil price shocks on unemployment trends (Review of Economics and Statistics, 1998).