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 …

rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …

where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the … equilibrium wage distribution with a higher vacancy-to-unemployment ratio first-order stochastically dominates the wage …

Concentration of immigrants and its associated externalities have become an important topic in contemporary … externalities created by the influx of immigrants. Second, it presents a stylized model in which human capital accumulation and …