We analyze the causal effect of commuting on wages, using a large sample of German job changers. Information on their home and workplace addresses in combination with road navigation software allows us to calculate exact door-to-door commuting distances with an unprecedented degree of precision....

This study examines jobseekers' preferences for a variety of job attributes. It is based on a choice experiment involving 1,852 clients of the Flemish Public Employment Service (PES). Respondents value flexibility (e.g., remote work and schedule flexibility), job security and social impact of...

We exploit administrative data on exact commuting distances for a large sample of German employees and study the relation of commuting and wages. We find that it requires 1.5 times as much money in terms of higher wages for job changers to accept an increase of their commute as compared to their...

Casual observation of faculty searches by economics departments suggests that search scope varies widely. Some departments search primarily in a narrow subfield, while others search in several general or even all fields. This raises two questions: First, what is the optimal search scope for a...

We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...

We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...

We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...

We find that it is optimal for higher-quality departments to search broadly across many or even all fields in faculty recruiting, whereas it is optimal for lower-quality departments to conduct narrower searches. We develop a simple search model in which optimal search scope is shown to increase...

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections, driven by microeconomic frictions and impacted upon by macroeconomic factors such as monetary policy, could also be to blame. This paper shows that labor and credit market...