Berliant, Marcus; Yu, Chia-Ming - Volkswirtschaftliche Fakultät, … - 2012
signals their productivity to potential employers. The cost of a signal is the cost of housing at that location. When workers …' marginal willingness to pay for housing is negatively correlated with their productivity, skill-biased technological change …' marginal willingness to pay for housing and their productivity are positively correlated, skill-biased technological …