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dc.contributor.authorZenou, Yvesen_US
dc.date.accessioned2008-09-08en_US
dc.date.accessioned2010-07-07T11:30:37Z-
dc.date.available2010-07-07T11:30:37Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/34912-
dc.description.abstractWe develop an urban-search model in which firms post wages. When all workers are identical, the Diamond paradox holds, i.e. there is a unique wage in equilibrium even in the presence of search and spatial frictions. This wage is affected by spatial and labor costs. When workers differ according to the value imputed to leisure, we show that, under some conditions, two wages emerge in equilibrium. The commuting cost affects the land market but also the labor market through wages. Workers' productivity also affects housing prices and this impact can be positive or negative depending on the location in the city. One important aspect of our model is that, even with positive search costs, wage dispersion prevails in equilibrium, a feature not possible in the non-spatial model.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3339en_US
dc.subject.jelD83en_US
dc.subject.ddc330en_US
dc.subject.keywordDiamond paradoxen_US
dc.subject.keywordurban land-useen_US
dc.subject.keywordspatial compensationen_US
dc.subject.keywordsearch frictionsen_US
dc.subject.keywordwage dispersionen_US
dc.subject.stwLohnbildungen_US
dc.subject.stwFriktionelle Arbeitslosigkeiten_US
dc.subject.stwRäumlicher Wettbewerben_US
dc.subject.stwStädtischer Arbeitsmarkten_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwImmobilienpreisen_US
dc.subject.stwTheorieen_US
dc.titleSearch, wage posting, and urban spatial structureen_US
dc.typeWorking Paperen_US
dc.identifier.ppn560201184en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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