This paper estimates a lifecycle model of consumption, housing choice, and migration in the presence of aggregate and … costs by ownership status, age, and family size that complement the previous literature. Using the model, I first show that …

housing costs, and lower unemployment rates. Although workers can move freely to arbitrage away differences in expected … utility across metropolitan areas, equilibrium unemployment rates are not equalized across space. We find that if hiring costs …Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard …

convergence. This paper takes the view that falling moving costs, combined with greatly improved information about locations …

Regional unemployment rates in the European Union (EU-15) reveal a core-periphery structure. Large core regions in the … middle of the continent have low unemployment rates, whereas excessive mass unemployment is predominantly found in the … peripheral regions at the outside borders of EU-15. This geographical pattern of unemployment rates follows the pattern of GDP …

mobile firms. Firms create jobs where they locate, but there is frictional unemployment. Two sorts of agglomeration effects …

economics” view is likely to be viable as long as movement and information costs are high, and under this view the movements … the out of pocket and psychological costs of movement have plummeted with advances in transportation and communication …

This paper presents a short overview of dynamic models of labor markets with transaction costs. It shows that these … models have deeply renewed the understanding of job search, job flows, job creations and destructions, unemployment and wage … optimal level of unemployment benefits, the funding of unemployment insurance and the impact of employment protection …

German labor market volatilities by a longer expected job duration. -- Labor Market Volatilities ; Unemployment ; Worker …