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Title:Local social capital and geographical mobility: some empirics and a conjecture on the nature of European unemployment PDF Logo
Authors:David, Quentin
Janiak, Alexandre
Wasmer, Etienne
Issue Date:2008
Series/Report no.:IZA Discussion Papers 3669
Abstract:European labor markets are characterized by the low geographical mobility of workers. The absence of mobility is a factor behind high unemployment when jobless people prefer to remain in their home region rather than to go prospecting in more dynamic areas. In this paper, we attempt to understand the determinants of mobility by introducing the concept of local social capital. Using data from a European household panel (ECHP), we provide various measures of social capital, which appears to be a strong factor of immobility. It is also a fairly large factor of unemployment when social capital is clearly local, while other types of social capital are found to have a positive effect on employability. We also find evidence of the reciprocal causality, that is, individuals born in another region have accumulated less local social capital. Finally, observing that individuals in the South of Europe appear to accumulate more local social capital, while in Northern Europe they tend to invest in more general types of social capital, we argue that part of the European unemployment puzzle can be better understood thanks to the concept of local social capital.
Subjects:European unemployment
geographical mobility
social capital
JEL:J2
Persistent Identifier of the first edition:urn:nbn:de:101:1-2008090572
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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