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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 - 2007
allow for behavioural substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10005788928
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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
allow for behavioural substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. …
Persistent link: https://www.econbiz.de/10005662249
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How do Firms Redline Workers?
Zenou, Yves - C.E.P.R. Discussion Papers - 2002
In a city where individuals endogenously choose their residential location, firms determine their spatial efficiency wage and a geographical red line beyond which they do not recruit workers. This is because workers experiencing longer commuting trips provide lower effort levels than those...
Persistent link: https://www.econbiz.de/10005114307
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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
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Space And Unemployment: The Labour-Market Effects Of Spatial Mismatch
Brueckner, Jan; Zenou, Yves - C.E.P.R. Discussion Papers - 2000
The aim of this paper is to analyse the effects of suburban housing discrimination on the wages and unemployment rates of black workers. In a duocentric city with efficiency wages, it is shown that, when blacks experience suburban housing discrimination, they face a higher unemployment rate in...
Persistent link: https://www.econbiz.de/10005661463
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Spatial Mismatch: From the Hypothesis to the Theories
Gobillon, Laurent; Selod, Harris; Zenou, Yves - C.E.P.R. Discussion Papers - 2003
Since the 1950s, there has been a steady decentralization of entry-level jobs towards the suburbs of American cities, while racial minorities — and particularly blacks — have remained in city centres. In this context, the spatial mismatch hypothesis argues that because the residential...
Persistent link: https://www.econbiz.de/10005661813
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Efficiency Wages and Unemployment in Cities: The Case of High Relocation Costs
Zenou, Yves - C.E.P.R. Discussion Papers - 2003
We develop an urban model in which all jobs are located in the Central Business District (CBD) and workers, who have high relocation costs, optimally choose their residence between the CBD and the city-fringe. We consider two cases. In the first one, firms can pay different wages according to...
Persistent link: https://www.econbiz.de/10005789010
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Search in Cities
Zenou, Yves - C.E.P.R. Discussion Papers - 2007
We develop different spatial search models in which a land market is embedded into a standard search matching framework. The link between the land and the labour market is realized through the average search intensity of unemployed workers. We first develop a simple model where search intensity...
Persistent link: https://www.econbiz.de/10005791188
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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
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Equilibrium Search Unemployment With Explicit Spatial Frictions
Wasmer, Etienne; Zenou, Yves - C.E.P.R. Discussion Papers - 2004
Assuming that job search efficiency decreases with distance to jobs, workers’ location in a city depends on spatial elements such as commuting costs and land prices and on labour elements such as wages and the matching technology. In the absence of moving costs, we show that there exists a...
Persistent link: https://www.econbiz.de/10005114164