unemployed workers at each location in the city. We also show that the equilibrium land rent is negatively affected by the … unemployment benefit because an increase in the latter induce firms to create less jobs, which, in turn, reduces the competition in … away from jobs, have higher unemployment rates and lower wages. This is because the housing market amplifies the negative …

unemployed workers at each location in the city. We also show that the equilibrium land rent is negatively affected by the … unemployment benefit because an increase in the latter induce firms to create less jobs, which, in turn, reduces the competition in … away from jobs, have higher unemployment rates and lower wages. This is because the housing market amplifies the negative …

We develop a model where the unemployed workers in the city can find a job either directly or through weak or strong …