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which firms set efficiency wages to prevent shirking and to compensate workers for commuting. We show that both wages and … unemployment depend on commuting costs, and that housing prices as well as location are based on workers’ wages. We then extend the …
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We show how small initial wealth differences between low skilled black and white workers can generate large differences in their labor-market outcomes. This even occurs in the absence of a taste for discrimination against blacks or exogenous differences in the distance to jobs. Because of the...
Persistent link: https://www.econbiz.de/10011377265
labor market in which workers? location in an agglomeration depends on commuting costs, the endogenous price of land and the …. Given differences in commuting costs between the employed and the unemployed, this is realized by a change in the fraction …
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labor market in which workers' location in an agglomeration depends on commuting costs, the endogenous price of land and the …. Given differences in commuting costs between the employed and the unemployed, this is realized by a change in the fraction …
Persistent link: https://www.econbiz.de/10001510628
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