condition is that space is two-dimensional. Furthermore, one of the following ingredients is sufficient: on-the-job mobility …, spatially-differentiated search or heterogeneity ofjobs. Residential mobility does not appear to explain the shape of the …

Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates …, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in … housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that …

and norms, and less unemployment and social security problems for society. In the long run, co-ethnic employment might …

flows on wage formation as alternative to the traditional specification of wage equations where unemployment represents the …