全球智库信息集成服务系统(G2TT): The Thick Market Effect on Local Unemployment Rate Fluctuations

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w11248
来源ID	Working Paper 11248
	The Thick Market Effect on Local Unemployment Rate Fluctuations
	Li Gan; Qinghua Zhang
发表日期	2005-04-04
出版年	2005
语种	英语
摘要	This paper studies how the thick market effect influences local unemployment rate fluctuations. The paper presents a model to demonstrate that the average matching quality improves as the number of workers and firms increases. Unemployed workers accumulate in a city until the local labor market reaches a critical minimum size, which leads to cyclical fluctuations in the local unemployment rates. Since larger cities attain the critical market size more frequently, they have shorter unemployment cycles, lower peak unemployment rates, and lower mean unemployment rates. Our empirical tests are consisten with the predictions of the model. In particular, we find that an increase of two standard deviations in city size shortens the unemployment cycles by about 0.72 months, lowers the peak unemployment rates by 0.33 percentage points, and lowers the mean unemployment rates by 0.16 percentage points.
主题	Labor Economics ; Unemployment and Immigration ; Regional and Urban Economics
URL	https://www.nber.org/papers/w11248
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/568885
推荐引用方式 GB/T 7714	Li Gan,Qinghua Zhang. The Thick Market Effect on Local Unemployment Rate Fluctuations. 2005.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w11248.pdf（273KB）	智库出版物		限制开放	CC BY-NC-SA	浏览