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allow for behavioral substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable …
Persistent link: https://www.econbiz.de/10012751966
allow for behavioral substitution between leisure time at home and effort at work. In equilibrium, residing at a location … with a long commute affects the time available for leisure at home and therefore affects the trade-off between effort at … wages, which are both consistent with shirking and leisure being substitutable. -- Efficiency wage ; leisure ; urban …
Persistent link: https://www.econbiz.de/10003723930
commuting trips provide lower effort levels than those residing closer to jobs. By solving simultaneously for the land and labor … is harmful not because workers have low information about jobs (search) or because commuting costs are too high but …
Persistent link: https://www.econbiz.de/10011414013
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. They reside in a city and commuting to the job center involves both pecuniary and time costs. Thus, workers with high wages … are willing to live closer to jobs to save on time commuting costs. We show that, in equilibrium, there is a one … to jobs, have low commuting costs and pay high land rents. We also show that higher commuting costs and higher …
Persistent link: https://www.econbiz.de/10003723929
. They reside in a city and commuting to the job center involves both pecuniary and time costs. Thus, workers with high wages … are willing to live closer to jobs to save on time commuting costs. We show that, in equilibrium, there is a one … to jobs, have low commuting costs and pay high land rents. We also show that higher commuting costs and higher …
Persistent link: https://www.econbiz.de/10013130956
. They reside in a city and commuting to the job center involves both pecuniary and time costs. Thus, workers with high wages … are willing to live closer to jobs to save on time commuting costs. We show that, in equilibrium, there is a one … commuting costs and land rent create additional frictions in the labor market …
Persistent link: https://www.econbiz.de/10013317149
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