Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to … pay for regional amenities and the regional quality of life when wages, rents, and unemployment risk compensate for local … unemployment ratio decreases in response to an increase in the amenity level if the amenity is marginally more beneficial to …

Regional labor markets are characterized by huge disparities of unemployment rates. Models of the New Economic … discusses regional unemployment disparities by introducing a wage curve based on efficiency wages into the New Economic …