Manning, Alan; Petrongolo, Barbara - C.E.P.R. Discussion Papers - 2011
This paper uses data on very small UK geographies to investigate the effective size of local labor markets. Our … avoiding problems of mismeasurement of local labor markets encountered in previous work. We develop a theory of job search ….3 with distance (in km) to the job - so that labor markets are indeed quite `local'. Also, workers are discouraged from …