| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2143 |
| DP2143 Trade Policy and Economic Growth: A Sceptic's Guide to the Cross-National Evidence | |
| Dani Rodrik; Francisco Rodríguez | |
| 发表日期 | 1999-05-31 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | The spatial dispersion of economic agents is an immediate determinant of informational imperfections. We investigate how this dispersion creates search frictions and thus rationing. For that, we develop a model of local labour markets in which workers' search efficiency is negatively affected by distance to jobs. Workers' location in a city is endogenous and reflects a trade-off between commuting costs and the surplus associated with search. Different configurations emerge in equilibrium: notably, the unemployed workers may reside far away or close to the jobs. The labour market equilibrium itself depends crucially on these urban equilibria since the aggregate information about economic opportunities depends on the shape of the city. We show that there exists a unique and stable market equilibrium in which both land and labour markets are solved for simultaneously. We then decompose unemployment in two parts: the level reached if all agents were residing in the same location and an additional term due to the spatial dispersion. |
| 主题 | Labour Economics |
| 关键词 | Equilibrium unemployment Local labour markets Matching Urban land use equilibrium |
| URL | https://cepr.org/publications/dp2143 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531253 |
| 推荐引用方式 GB/T 7714 | Dani Rodrik,Francisco Rodríguez. DP2143 Trade Policy and Economic Growth: A Sceptic's Guide to the Cross-National Evidence. 1999. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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