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Workforce Location and Equilibrium Unemployment in a Duocentric Economy with Matching Frictions
Lehmann, Etienne; Montero Ledezma, Paola L.; Van der … - 2015
workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch … between workers and firms. In a decentralized economy job-seekers do not internalize a composition externality they impose on …
Persistent link: https://www.econbiz.de/10011388178
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Let Tiebout pick up the tab: Pricing out externalities with free mobility
Watanabe, Hiroki - 2016
Free mobility has not been thought of as an effective tool to correct over- or underproduction of externalities. In this paper, we establish that foot voting can internalize the cost of negative externalities. Workers have to accept the wage and rent, however high or low they are in equilibrium,...
Persistent link: https://www.econbiz.de/10011790027
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On the Road (Again): Commuting and Local Employment Elasticities in Germany
Krebs, Oliver; Pflüger, Michael P. - 2019
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
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On the Road (Again): Commuting and Local Employment Elasticities in Germany
Krebs, Oliver; Pflüger, Michael - 2021
. First, we explore the role of commuting for local labor markets and their capacity to absorb productivity shocks. Second, we … address the role of housing markets for quantitative analyses. Germany is an exciting laboratory because commuting across …
Persistent link: https://www.econbiz.de/10012657896
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Public housing and unemployment: Skills and spatial mismatch in postindustrial Hong Kong
Monkkonen, Paavo - 2011
The impact of living in public rental housing on employment has been the subject of debate internationally. Theory suggests that restrictions on residential mobility, neighborhood effects, and the place-based housing subsidy itself contribute to the higher rates of unemployment often observed...
Persistent link: https://www.econbiz.de/10010286956
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Compensation of Regional Unemployment in Housing Markets
Vermeulen, Wouter; van Ommeren, Jos - 2005
Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment...
Persistent link: https://www.econbiz.de/10010325341
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Regional Equilibrium Unemployment Theory at the Age of the Internet
Lutgen, Vanessa; Van der Linden, Bruno - 2013
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
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Regional Equilibrium Unemployment Theory at the Age of the Internet
Lutgen, Vanessa; Van der Linden, Bruno - 2015
This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are free to move and wages are bargained over. Job-seekers choose between searching locally or searching in both regions. Search-matching externalities are amplified by the latter...
Persistent link: https://www.econbiz.de/10010531789
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Search Theory and Commuting Behavior
Rouwendal, Jan - 2004
study of commuting behavior. This is illustrated by showing that introduction of a spatial element into the standard model … decentralized employment the spatial search model predicts excess commuting. Search theory also suggests that regression towards the …
Persistent link: https://www.econbiz.de/10010325209
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Urban-rural migration and congestion costs revisited: is there a triple dividend for cities in developing countries?
Klarl, Torben Alexander - 2015
Many cities in developing countries suffer from bad health and environmental conditions due to urbanization. The paper shows that increasing urban manufacturing congestion costs do not necessarily imply a reduction of a city's health as well as of environmental quality as one could expect...
Persistent link: https://www.econbiz.de/10011301425