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with the unemployment rate. It also predicts that the share of newly created jobs fulfilled by current inhabitants of a … city increases with the unemployment rate. I test this model with data from the United States census between 1980 and 2000 … city with 3.7% unemployment the average local employment multiplier is 0.91 for current inhabitants and 0.60 for migrants …
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workers living far away from jobs pay lower housing prices but experience higher unemployment rates than those living close to …
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explains the spatial correlation between unemployment rates. We then test this model by using UK local data. Our evidence shows …
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Agglomeration economies have a relevant impact on local labour markets. The interaction of workers and firms in dense urban areas may generate productivity advantages that result in higher wages. City size has an important impact on the relative bargaining power of workers and firms in the...
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