Longhi, Simonetta; Nijkamp, Peter; Poot, Jacques - 2004
local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be … western Germany over the period 1990-97. Key words: Unemployment, wage formation, spatial analysis, local monopsony, Germany …