| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2360 |
| DP2360 Noisy Financial Signals and Persistent Effects of Nominal Shocks in Open Economies | |
| Torben M Andersen; Niels C Beier | |
| 发表日期 | 2000-01-31 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | We study the role of unemployment in the context of the endogeneous formation of a monocentric city in which firms set efficiency wages to deter shirking. We first show that, in equilibrium, the employed locate at the vicinity of the city-centre, the unemployed reside at the city-edge and firms set up in the city-centre. We then show that there is a `spatial mismatch' between location and jobs because the further away from jobs the unemployed, the larger the level of unemployment. Finally, we derive some policy implications. We show that a policy that improves the city transportation network (by subsidizing the commuting costs of all workers) reduces urban unemployment, increasing utilities of all workers but also raising inequality, whereas a policy that supports the transportation of the unemployed only (by subsidizing their commuting costs) increases urban unemployment, not always raising workers' utilities, but reducing inequality. |
| 主题 | Labour Economics |
| 关键词 | Efficiency wages Endogenous location of workers and firms Spatial mismatch Subsidizing commuting costs Urban unemployment |
| URL | https://cepr.org/publications/dp2360 |
| 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/531450 |
| 推荐引用方式 GB/T 7714 | Torben M Andersen,Niels C Beier. DP2360 Noisy Financial Signals and Persistent Effects of Nominal Shocks in Open Economies. 2000. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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