Similar Search Results

Equilibrium Search Unemployment With Explicit Spatial Frictions

Wasmer, Etienne; Zenou, Yves - C.E.P.R. Discussion Papers - 2004

elements such as commuting costs and land prices and on labour elements such as wages and the matching technology. In the …

Persistent link: https://www.econbiz.de/10005114164

Demand Uncertainty, Mismatch and (Un)Employment: A Microeconomic Approach

Jellal, Mohamed; Thisse, Jacques-François; Zenou, Yves - C.E.P.R. Discussion Papers - 1998

We consider a finite number of firms, which compete imperfectly for heterogeneous workers. Firms produce a homogeneous good, sold on a competitive market, and face demand-induced price fluctuations. It is then shown that unemployment may arise in equilibrium because of both uncertainty of...

Persistent link: https://www.econbiz.de/10005791611

Does Space Affect Search? A Theory of Local Unemployment

Wasmer, Etienne; Zenou, Yves - C.E.P.R. Discussion Papers - 1999

depends crucially on these urban equilibria since the aggregate information about economic opportunities depends on the shape …

Persistent link: https://www.econbiz.de/10005656179

A Discrete-Time Stochastic Model of Job Matching

Smith, Tony E; Zenou, Yves - C.E.P.R. Discussion Papers - 2001

In this Paper, an explicit micro scenario is developed which yields a well-defined aggregate job-matching function. In … particular, a stochastic model of job-matching behaviour is constructed in which the system steady state is shown to be … approximated by an exponential-type matching function, as the population becomes large. This steady-state approximation is first …

Persistent link: https://www.econbiz.de/10005504280

Efficiency Wages, Urban Unemployment and Housing Consumption

Zenou, Yves - C.E.P.R. Discussion Papers - 2003

The aim of this Paper is to introduce endogenous housing consumption in an efficiency wage model in which two cases are considered: very high and zero relocation costs. First, in both cases, we are able to totally characterize the efficiency wage for any preferences that are quasi-linear with...

Persistent link: https://www.econbiz.de/10005504623

Rural-Urban Migration and Unemployment: Theory and Policy Implications

Zenou, Yves - C.E.P.R. Discussion Papers - 2010

We develop a regional model where, in the city, unemployment prevails because of too high (efficiency) wages, while, in the rural area, workers are paid at their marginal productivity. We characterize the steady-state equilibrium and show that it is unique. We then consider two policies:...

Persistent link: https://www.econbiz.de/10008784746

The mechanisms of spatial mismatch

Gobillon, Laurent; Selod, Harris; Zenou, Yves - C.E.P.R. Discussion Papers - 2005

The Spatial Mismatch Hypothesis (SMH) argues that low-skilled minorities residing in U.S. inner cities experience poor labour-market outcomes because they are disconnected from suburban job opportunities. This assumption gave rise to an abundant empirical literature, which confirmed this...

Persistent link: https://www.econbiz.de/10005114305

How do Firms Redline Workers?

Zenou, Yves - C.E.P.R. Discussion Papers - 2002

jobs is harmful not because workers have low information about jobs (search) or because commuting costs are too high but …

Persistent link: https://www.econbiz.de/10005114307

Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages based on Urban Economic Theory

Ross, Stephen L.; Zenou, Yves - C.E.P.R. Discussion Papers - 2008

Recent theoretical work has examined the spatial distribution of unemployment using the efficiency wage model as the mechanism by which unemployment arises in the urban economy. This paper extends the standard efficiency wage model in order to allow for behavioural substitution between leisure...

Persistent link: https://www.econbiz.de/10005662249

Urban Labour Economic Theory

Zenou, Yves - C.E.P.R. Discussion Papers - 2003

In this Paper survey some recent developments in urban labour economic theory. We first present a benchmark model in which firms set efficiency wages to prevent shirking and to compensate workers for commuting. We show that both wages and unemployment depend on commuting costs, and that housing...

Persistent link: https://www.econbiz.de/10005666637