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workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch … job centers. In a decentralized economy job-seekers do not internalize a composition externality they impose on all the …
Persistent link: https://www.econbiz.de/10010884087
commuting developed in Monte et al. (2018) to address the workings of local labor markets in Germany. One key contribution … commuting measures have very little predictive power for these general equilibrium elasticities when the housing share is small … housing share has only little influence on the welfare effects and location patterns of counterfactual commuting cost …
Persistent link: https://www.econbiz.de/10012005958
This paper studies equilibrium unemployment in a two-region economy where homogeneous workers and jobs are free to move and the housing market clears. Because of the Internet, searching for a job in another region without first migrating there is nowadays much simpler than in the past....
Persistent link: https://www.econbiz.de/10010329201
This paper studies equilibrium unemployment in a two-region economy where homogeneous workers and jobs are free to move and the housing market clears. Because of the Internet, searching for a job in another region without first migrating there is nowadays much simpler than in the past....
Persistent link: https://www.econbiz.de/10010720081
The paper uses a regional Computable General Equilibrium (CGE) model to analyse the effects of immigration on three small remote EU regions located within Scotland, Greece and Latvia. Two migration scenarios are assessed. In the first, total labour supply is affected. In the second, the...
Persistent link: https://www.econbiz.de/10010269548
Urbanization economies - the effects on productivity and utility created endogenously by larger cities - are a fundamental component of both the economic geography of modern societies and the perpetuation of innovation and economic growth at a national level. Cities account for vast majorities...
Persistent link: https://www.econbiz.de/10010269597
Within a general equilibrium framework of a developing economy with a foreign owned factor of production, this paper questions whether the informal-formal sector relationship is procyclical/ complementary - expansion or contraction in one necessarily implies an expansion or contraction in the...
Persistent link: https://www.econbiz.de/10010274701
We model an environment in which individuals prefer to be in a space in which their rank is higher, be it a social space, a geographical space, a work environment, or any other comparison sphere which we refer to in this paper, and without loss of generality, as a region. When the individuals...
Persistent link: https://www.econbiz.de/10014296667
, commuting behavior, wages, land use and land rents for 3000 ZIP-codes in the Netherlands and for three levels of education …
Persistent link: https://www.econbiz.de/10010398358
Quality of life differences across areas can be measured by differences in real wages where real wages are computed as nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues, including how housing prices should be measured. Previous...
Persistent link: https://www.econbiz.de/10010287640