LEHMANN, Etienne; LEDEZMA, Paola L. MONTERO; LINDEN, … - Institut de Recherche Économique et Sociale (IRES), … - 2013
This article examines unemployment disparities and efficiency in a densely populated economy with two job centers and workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch between workers and firms. In equilibrium, there...