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Transaction costs have attracted considerably attention in the theoretical literature on residential mobility. In many European countries, these costs mainly consist of ad-valorem transaction costs. In the current paper, we demonstrate empirically for the Netherlands that the transaction costs...
Persistent link: https://www.econbiz.de/10005747887
Transaction costs have attracted considerable attention in the theoretical literature on residential mobility. Transaction costs are thought to cause suboptimal consumption of housing but may also negatively affect labor market outcomes. In the current paper, we demonstrate empirically for the...
Persistent link: https://www.econbiz.de/10005193366
This discussion paper les to a publication in the <A href="http://onlinelibrary.wiley.com/doi/10.1111/j.0022-4146.2005.00389.x/abstract><I>Journal of Regional Sciences</I></A>, 2005, 681-702. Transaction costs have attracted considerably attention in the theoretical literature on residential mobility. In many European countries, these costs mainly consist of ad-valorem transaction costs. In...</i></a>
Persistent link: https://www.econbiz.de/10011256056
According to economic theory, there are no strong reasons to tax (or to subsidise) residential moves, although low levels of taxation may be potentially justified to deal with the presence of externalities and economic stability. This is in contrast to practise in most countries where...
Persistent link: https://www.econbiz.de/10005504917
We introduce and apply a method for estimating workers' marginal willingness to pay for job attributes employing data on job search activity. Worker's willingness to pay for the remaining duration of the employment contract is derived. We provide evidence that workers attach substantial value to...
Persistent link: https://www.econbiz.de/10005504935
The ‘backhaul problem’ is characterized by an imbalance in transport flows between locations. This problem is usually studied in a perfectly competitive framework, which essentially predicts that when the imbalance is sufficiently large, the freight price of transport from low demand regions...
Persistent link: https://www.econbiz.de/10005450811
This paper is the first to empirically examine the residents' willingness to pay for on-street parking permits as well as the cost of cruising using an identification methodology based on house prices for Amsterdam. The average cost of cruising is €1.30 per day. The average residents'...
Persistent link: https://www.econbiz.de/10008531428
Why has job growth over the past decades been weaker in the Dutch Randstad area than in surrounding regions? In a simultaneous equations analysis, we find that employment adjusts to the regional supply of labour. Net internal migration is predominantly determined by regional housing supply and...
Persistent link: https://www.econbiz.de/10005136856
Reimbursement of commuting costs by employers has attracted little attention from economists. We develop a theoretical model of a monopsonistic employer who determines an optimal recruitment policy in a spatial labour market with search frictions and show that partial reimbursement of commuting...
Persistent link: https://www.econbiz.de/10005136890
This paper investigates the welfare effect of adverse weather through changes in the speed of individuals’ car commuting trips in the entire Netherlands. Weather measurements are local and time specific (hourly basis). As most commuters travel twice a day between home and work, we are able to...
Persistent link: https://www.econbiz.de/10005136907