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Regional Equilibrium Unemployment Theory at the Age of the Internet
Lutgen, Vanessa; Linden, Bruno Van der - CESifo - 2015
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/10011272629
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Wages, Rents and Heterogeneous Moving Costs
Krupka, Douglas J.; Donaldson, Kwame - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
The model of compensating differentials in regional labor markets was developed by Roback(1982). The model interprets regional differences in constant quality wages and rents ascompensating firms and residents for inter-regional differences in amenities. The modelassumes that the costs of...
Persistent link: https://www.econbiz.de/10005861156
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A Multi-Disciplinary Interpretation of Migration : Amenity Capitalization in Both Land and Labor Markets
Graves, Philip E.; Sexton, Robert L.; Knapp, Thomas Andrew - 2013
differentials as representing arbitragible real utility differences. The perfect information approach holds that wage and rent … aspects of spatial variation in welfare, otherwise difficult to quantify, into compensating wage and rent differentials. Rents …. Amenities, as proxied by rents, are superior goods as indicated by net movements toward high rent locations. This suggests the …
Persistent link: https://www.econbiz.de/10014179131
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The Impact of Risk and Mobility in Dualistic Models : Migration Under Random Shocks
da Silva Correia Martins, Ana Paula - 2015
In this paper we present and confront the expected outcome of an increase in risk on the regional or sectoral allocation of labor force and employment. The basic frameworks are the benchmark dualistic scenarios. A single-input analysis of a homogeneous product economy is provided. Uncertainty is...
Persistent link: https://www.econbiz.de/10013021676
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Trade and Labor Market Dynamics : General Equilibrium Analysis of the China Trade Shock
Caliendo, Lorenzo - 2019
We develop a dynamic trade model with spatially distinct labor markets facing varying exposure to international trade. The model captures the role of labor mobility frictions, goods mobility frictions, geographic factors, and input-output linkages in determining equilibrium allocations. We show...
Persistent link: https://www.econbiz.de/10012904075
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Welfare Benefits of Agglomeration and Worker Heterogeneity
Teulings, Coen N. - 2014
The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...
Persistent link: https://www.econbiz.de/10013049070
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On Amenities, Natural Advantage and Agglomeration
Krupka, Douglas J. - 2021
A prominent feature of economic geography in America is the positive correlation amongst local incomes, housing costs and city population. This paper embeds a "black box" agglomeration economy within a more neoclassical general equilibrium model of local wages, rents and population to assess the...
Persistent link: https://www.econbiz.de/10013325076
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Some evidence on the nature of urbanization economies
Krupka, Douglas J. - 2009
Urbanization economies - the effects on productivity and utility created endogenously by larger cities - are a fundamental component of both the economic geography of modern societies and the perpetuation of innovation and economic growth at a national level. Cities account for vast majorities...
Persistent link: https://www.econbiz.de/10003919879
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Welfare benefits of agglomeration and worker heterogeneity
Teulings, Coen N.; Ossokina, Ioulia V.; Groot, Henri L. … - 2014
The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...
Persistent link: https://www.econbiz.de/10010391790
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Welfare benefits of agglomeration and worker heterogeneity
Teulings, Coen N.; Ossokina, Ioulia V.; Groot, Henri L. … - 2014
The direct impact of local public goods on welfare is relatively easy to measure from land rents. However, the indirect effects on home and job location, on land use, and on agglomeration benefits are hard to pin down. We develop a spatial general equilibrium model for the valuation of these...
Persistent link: https://www.econbiz.de/10010394598