| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4138 |
| DP4138 The Origins of Spatial Interaction | |
| Wolfgang Keller; Carol Shiue | |
| 发表日期 | 2003-12-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | The aim of this Paper is to introduce endogenous housing consumption in an efficiency wage model in which two cases are considered: very high and zero relocation costs. First, in both cases, we are able to totally characterize the efficiency wage for any preferences that are quasi-linear with respect to the composite good consumption. Second, in each case, we show how endogenous housing consumption affects the value of the efficiency wage (compared to the case of fixed housing consumption) and demonstrates the existence and the uniqueness of a steady-state equilibrium. Finally, we compare the two models and show how mobility costs affect the efficiency wage setting. |
| 主题 | Labour Economics |
| 关键词 | Relocation costs Location-dependent wages Urban labour markets |
| URL | https://cepr.org/publications/dp4138 |
| 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/533112 |
| 推荐引用方式 GB/T 7714 | Wolfgang Keller,Carol Shiue. DP4138 The Origins of Spatial Interaction. 2003. |
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