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commuting costs the effect of housing frictions plays a large role and can generate a substantial decline in mobility. We show … ; housing market imperfections ; labor search frictions ; commuting costs …
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with jobs in different commuting zones (CZs) and different CZ-industry pairs. About half of the variation in mean wages …
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Young highly educated workers developed in the 70's and 80's a preference for working in larger cities. As a consequence highly educated young workers in 1990 were over-represented in cities, in spite of the lower wage premium they earned for working in crowded metropolitan areas if compared to...
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