Reduced- form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may …

higher post-unemployment wages but not faster matches, so aggregate matching functions are unaffected by scale. …Reduced-form tests of scale effects in markets with search, based on aggregate matching functions, may miss important …

Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of … life when wages, rents, and unemployment risk compensate for local amenities and disamenities. In particular, the paper … shows for quasi-linear utility that the effects of any amenity on wages and unemployment rates are of opposite sign …

Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to … pay for regional amenities and the regional quality of life when wages, rents, and unemployment risk compensate for local … unemployment ratio decreases in response to an increase in the amenity level if the amenity is marginally more beneficial to …