estimation of the effect of the unemployment rate on the size of the local employment multiplier shows a neat fit to the … 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 …

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 changes in age-specific unemployment rates. In light of the expected … areas of low unemployment, the empirical analysis employs an instrumental variables estimator to identify the causal effect …

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 …

variables as well as for labour market factors such as unemployment rates, income and house prices. We compare several model … specifications. Results on employment/unemployment are fairly consistent across models. Results on other variables, for instance …

the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …

We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we … show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect …