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Equilibrium employment in a model of imperfect labor markets

Garibaldi, Pietro; Wasmer, Etienne - 2003

, it delivers an expression for the employment rate and as side-products, a measure of the unemployment rate and the size … of the labor force. Second, it rationalizes several empirical works on the definition of unemployment in labor force …

Persistent link: https://www.econbiz.de/10010277062

Equilibrium Search Unemployment with Explicit Spatial Frictions

Wasmer, Etienne; Zenou, Yves - 2005

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/10010262191

Space, Search and Efficiency

Wasmer, Etienne; Zenou, Yves - 2000

We investigate the role of spatial frictions in search equilibrium unemployment. For that, we develop a model of the … interaction between land and labor markets, and decompose the equilibrium unemployment rate into two parts: a pure non-spatial one …

Persistent link: https://www.econbiz.de/10010262389