| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7069 |
| DP7069 The U.S. Business Cycle, 1867-1995: A Dynamic Factor Approach | |
| Albrecht Ritschl; Martin Uebele; Samad Sarferaz | |
| 发表日期 | 2008-12-01 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | We show how small initial wealth differences between low skilled black and white workers can generate large differences in their labour-market outcomes. This even occurs in the absence of a taste for discrimination against blacks or exogenous differences in the distance to jobs. Because of the initial wealth difference, blacks cannot afford cars while whites can. Car ownership allows whites to reach more jobs per unit of time and this gives them a better bargaining position. As a result, in equilibrium, blacks end up with both higher unemployment rates and lower wages than whites. Furthermore, it takes more time for blacks to reach their jobs even though they travel less miles. Those predictions are consistent with the data. Better access to capital markets or better public transportation will reduce the differences in labour market outcomes. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Ethnic minorities Job search Multiple job centres Spatial labour markets Transportation mismatch |
| URL | https://cepr.org/publications/dp7069 |
| 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/535906 |
| 推荐引用方式 GB/T 7714 | Albrecht Ritschl,Martin Uebele,Samad Sarferaz. DP7069 The U.S. Business Cycle, 1867-1995: A Dynamic Factor Approach. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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