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This paper studies equilibrium unemployment in a two-region economy where homogeneous workers and jobs are free to move and the housing market clears. Because of the Internet, searching for a job in another region without first migrating there is nowadays much simpler than in the past....
Persistent link: https://www.econbiz.de/10010221545
This paper studies equilibrium unemployment in a two-region economy with matching frictions, where workers and jobs are free to move and wages are bargained over. Job-seekers choose between searching locally or searching in both regions. Search-matching externalities are amplified by the latter...
Persistent link: https://www.econbiz.de/10010515473
innovations. We demonstrate that the extent of agglomeration has significant implications for the patterns of information flows in … economies. By simultaneously determining the patterns of knowledge exchange and the population agglomeration of an economy, we … find that population agglomeration is generally accompanied by higher growth. The main findings remain qualitatively …
Persistent link: https://www.econbiz.de/10005556221
, avenues for future research are explored. Correlations between agglomeration and growth in the various models and data are …
Persistent link: https://www.econbiz.de/10005118970