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market equilibrium is not optimal because of social externalities. We determine the value of the subsidy to interactions that …
Persistent link: https://www.econbiz.de/10009230717
market equilibrium is not optimal because of social externalities. We determine the value of the subsidy to interactions that …
Persistent link: https://www.econbiz.de/10013129915
We develop a model in which ethnic minorities can either assimilate to the majority's norm or reject it by trading off higher productivity and wages with a greater social distance to their culture of origin. We show that "oppositional" ethnic minorities reside in more segregated areas, have...
Persistent link: https://www.econbiz.de/10012133037
We develop a model in which ethnic minorities can either assimilate to the majority's norm or reject it by trading off higher productivity and wages with a greater social distance to their culture of origin. We show that "oppositional" ethnic minorities reside in more segregated areas, have...
Persistent link: https://www.econbiz.de/10012133890
We develop a search-matching model with rural-urban migration and an explicit land market. Wages, job creation, urban housing prices are endogenous and we characterize the steady-state equilibrium. We then consider three different policies: a transportation policy that improves the public...
Persistent link: https://www.econbiz.de/10013069026
We develop a model where workers both choose their residential location (geographical space) and their social interactions (social space). In equilibrium, we show under which condition some individuals reside close to the job center while others live far away from it. Even though the two...
Persistent link: https://www.econbiz.de/10011294096
In a city where individuals endogenously choose their residential location, firms determine their spatial efficiency wage and a geographical red line beyond which they do not recruit workers. This is because workers experiencing longer commuting trips provide lower effort levels than those...
Persistent link: https://www.econbiz.de/10011414013
of unemployed workers: the socially optimal number of unemployed workers depends both of matching externalities and on …
Persistent link: https://www.econbiz.de/10011336862
of unemployed workers: the socially optimal number of unemployed workers depends both of matching externalities and on …
Persistent link: https://www.econbiz.de/10001510628
We propose a spatial search-matching model where both job creation and job destruction are endogenous. Workers are ex ante identical but not ex post since their job can be hit by a technological shock, which decreases their productivity. They reside in a city and commuting to the job center...
Persistent link: https://www.econbiz.de/10003723929