| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP6264
|
| DP6264 Assessing China?s Exchange Rate Regime |
| Jeffrey Frankel; Shang-Jin Wei
|
| 发表日期 | 2007-04-23
|
| 出版年 | 2007
|
| 语种 | 英语
|
| 摘要 | We develop different spatial search models in which a land market is embedded into a standard search matching framework. The link between the land and the labour market is realized through the average search intensity of unemployed workers. We first develop a simple model where search intensity is exogenous. Because of this assumption, only one urban pattern emerges in which the employed reside close to jobs and the unemployed at the periphery of the city. We then extend this benchmark model by assuming that workers' search intensity negatively depends on their residential distance to jobs. This leads to two urban-land use patterns where the unemployed workers either reside close to or far away from jobs. Finally, we consider the case where the unemployed workers endogenously choose their search intensity and we show that they search less, the further away they reside from jobs. Apart from the two previous urban patterns, there is a third equilibrium that emerges, which has a core-periphery structure. In each model, we explore the labour market outcomes (job creation, unemployment and wages) of the different urban land use patterns. |
| 主题 | Labour Economics
|
| 关键词 | Job search
Search intensity
Spatial mismatch
Urban land use
|
| URL | https://cepr.org/publications/dp6264
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535099
|
推荐引用方式
GB/T 7714 |
Jeffrey Frankel,Shang-Jin Wei. DP6264 Assessing China?s Exchange Rate Regime. 2007.
|
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