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Human capital externalities and the urban wage premium : two literatures and their interrelations

Halfdanarson, Benedikt (contributor); … - 2008

In this paper we survey the recent developments in two empirical literatures at the crossroads of labor and urban … conceptually learn from the methods that are used by the other one. -- Local labor markets ; agglomeration ; human capital …

Persistent link: https://www.econbiz.de/10003716532

Local social capital and geographical mobility : a theory

David, Quentin (contributor); Janiak, Alexandre (contributor) - 2008

In this paper, we attempt to understand the determinants of mobility by introducing the concept of local social capital. Investing in local ties is rational when workers anticipate that they will not move to another region. Reciprocally, once local social capital is accumulated, incentives to...

Persistent link: https://www.econbiz.de/10003752851

On pitchforks and tomahawks

Pflüger, Michael (contributor); Südekum, Jens (contributor) - 2007

The core-periphery model by Krugman (1991) has two 'dramatic' implications: catastrophic agglomeration and locational hysteresis. We study this seminal model with CES instead of Cobb-Douglas upper tier preferences. This small generalization suffices to change these stark implications. For a wide...

Persistent link: https://www.econbiz.de/10003652668

Towards a unifying approach of the 'new economic geography'

Pflüger, Michael (contributor); Südekum, Jens (contributor) - 2006

Models of the new economic geography share a number of common conclusions, but also exhibit notable differences, in particular with respect to the shape of the location pattern and the efficiency of the market equilibrium. This reflects the fact that these models rely heavily on specific...

Persistent link: https://www.econbiz.de/10003355651

Subsidizing firm entry in open economies

Pflüger, Michael; Südekum, Jens - 2009

Entrepreneurs who decide to enter an industry are faced with different levels of effective entry costs in different countries. These costs are heavily influenced by economic policy. What is not well understood is how international trade affects the government incentive to impact on entry costs,...

Persistent link: https://www.econbiz.de/10003894876

Commuting, wages and bargaining power

Rupert, Peter; Stancanelli, Elena G. F.; Wasmer, Etienne - 2009

A search model of the labor market is augmented to include commuting time to work. The theory posits that wages are … impact of commute time on job acceptance decisions. We also use the theory to calculate the bargaining power of workers which …

Persistent link: https://www.econbiz.de/10003905644

Layoff costs and efficiency with asymmetric information

Delacroix, Alain; Wasmer, Etienne - 2009

Wage determination under asymmetric information generates inefficiencies due to excess turnover. Severance pay and layoff taxes can improve efficiency. We show that inefficient separations can even be fully removed with fixed separation taxes in the case where the relevant private information is...

Persistent link: https://www.econbiz.de/10003906313

Public budget composition, fiscal (de)centralization and welfare

Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana; … - 2007

"We present a dynamic two-region model with overlapping generations. There are two types of public expenditure, education and infrastructure funding, and governments decide optimally on budget size (tax rate) and its allocation across the two outlays. Productivity of government infrastructure...

Persistent link: https://www.econbiz.de/10003451831

National champion versus foreign takeover

Südekum, Jens (contributor) - 2007

We analyze an oligopolistic market where a domestic and a foreign firm are engaged in a takeover battle for a domestic competitor. Any merger or acquisition (M&A) must be approved by a welfare maximizing domestic competition agency which may or may not be prone to "economic patriotism". A...

Persistent link: https://www.econbiz.de/10003597575

Macroeconomic dynamics in a model of goods, labor and credit market frictions

Petrosky-Nadeau, Nicolas; Wasmer, Etienne - 2011

Building a model with three imperfect markets - goods, labor and credit - representing a product's life-cycle, we find … that goods market frictions drastically change the qualitative and quantitative dynamics of labor market variables. The … search models of the labor market fail in one of the two dimensions. Two factors related to goods market frictions generate …

Persistent link: https://www.econbiz.de/10009307979