In this paper, we examine the relationship between the stock of human capital and productivity in the Spanish regions (NUTS III), and assess whether the transmission channel involves external economies. The empirical evidence points to a positive relationship between the two variables, although...

This paper estimates the effect that changes in the size of the youth population have on the wages of young workers. Assuming that differently aged workers are only imperfectly substitutable, economic theory predicts that individuals in larger age groups earn lower wages. We test this hypothesis...

Regional labor markets are characterized by huge disparities of unemployment rates. Models of the New Economic Geography explain how disparities of regional goods markets endogenously arise but usually assume full employment. This paper discusses regional unemployment disparities by introducing...

To date, analysis of the spatial dimension of New Zealand labour markets has been limited to administrative, rather than appropriately-defined functional, geographic units. This paper presents a preliminary classification of New Zealand into local labour market areas using area unit...

Using individual-level credit reports merged with loan-level mortgage data, we estimate how mobility relates to home equity when labor markets are weak or strong. We control for constant individual-specific traits with fixed effects and find that homeowners with negative home equity move to...

The aim of this study is focus on the role of positive and negative monetary incentives in stimulating infra and inter-regional mobility in UK (through commuting behavior). We consider a simple theoretical model and develop an empirical application using data from the Quarterly Labour Force...

Against the background of bad labor market conditions with high unemployment, poor job prospects, and low wages, East Germany used to experience long-standing high net migration outflows. During the last years, however, the situation on the East German labor market changed fundamentally, and...

This paper illustrates the effect of employment in the tradable sector on employment in the non-tradable sector in the same city with a simple model. The model predicts a significant positive local employment multiplier that increases in size with the unemployment rate. It also predicts that the...

The 2008 economic crisis raised concerns about unemployment, especially for youths. Over the last decade, two stylized facts can be observed in the French labor market about youth unemployment: its average rate remaining at high levels and its major spatial variations. This paper investigates...

Will the projected decline in the youth share of European countries' populations alleviate the currently high levels of youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes in the relative size of age groups will cause...