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We develop a model of directed technological change, frictional unemployment and migration to examine the effects of a …, depending on the elasticity of substitution between skilled and unskilled workers and the elasticity of the matching function …, an increase in the skill ratio can reduce the relative unemployment rate of skilled workers and decrease the relative …
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Throughout the world, strong dispersions of both regional and national unemployment rates can be observed. The economic … between size and unemployment. Using data from 37 countries, 15 continents and trade areas as well as 496 federal states, we … will demonstrate that larger economic regions tend to have higher unemployment rates. Subsequently, we show that this …
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We develop a model of directed technology adoption, frictional unemployment, and migration to examine the effects of a … that, depending on the elasticity of substitution between skilled and unskilled workers and the elasticity of the matching … function, an increase in the skill ratio can reduce both the relative unemployment rate and the relative emigration rate (brain …
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unemployment. Micro-founded in a setting where search friction regulates labor market transitions, we derive a migration gravity … equation for bilateral mobility that embodies a co-determined local unemployment term. As a theory of migration, our model ….g. home bias). As a model of unemployment, a migration gravity approach uncovers hitherto under-appreciated interregional …
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