| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3195 |
| DP3195 Psychological Traits and Trading Strategies | |
| Bruno Biais; Sébastien Pouget; Denis J. Hilton | |
| 发表日期 | 2002-02-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | In a city where individuals endogenously choose their residential location, firms determine their spatial efficiency wage and a geographical red line beyond which they do not recruit workers. This is because workers experiencing longer commuting trips provide lower effort levels than those residing closer to jobs. By solving simultaneously for the land and labour market equilibrium, we show that there exists a unique market equilibrium that determines the location of all individuals in the city, the land rent, the efficiency wage, the recruitment area and the unemployment level in the economy. This model is able to provide a new mechanism for the spatial mismatch hypothesis by taking the firm?s viewpoint. Distance to jobs is harmful not because workers have low information about jobs (search) or because commuting costs are too high but because firms do not hire remote workers. |
| 主题 | Labour Economics |
| 关键词 | Distance to jobs Efficiency wage Recruitment area Spatial mismatch |
| URL | https://cepr.org/publications/dp3195 |
| 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/532223 |
| 推荐引用方式 GB/T 7714 | Bruno Biais,Sébastien Pouget,Denis J. Hilton. DP3195 Psychological Traits and Trading Strategies. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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