Longhi, Simonetta; Nijkamp, Peter; Poot, Jacques - In: Journal of Regional Science 46 (2006) 4, pp. 707-731
Most "wage curve" studies ignore the geography of local labor markets. However, when a local labor market is in close proximity of other labor markets, a local shock that increases unemployment may not lead to lower pay rates if employers fear outward migration of their workers. Hence, the...
