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dc.contributor.authorMoretti, Enricoen_US
dc.date.accessioned2010-05-04en_US
dc.date.accessioned2010-07-23T09:35:11Z-
dc.date.available2010-07-23T09:35:11Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/36904-
dc.description.abstractI examine the causes and the consequences of differences in labor market outcomes across local labor markets within a country. The focus is on a long-run general equilibrium setting, where workers and firms are free to move across localities and local prices adjust to maintain the spatial equilibrium. In particular, I develop a tractable general equilibrium framework of local labor markets with heterogenous labor. This framework is useful in thinking about differences in labor market outcomes of different skill groups across locations. It clarifies how, in spatial equilibrium, localized shocks to a part of the labor market propagate to the rest of the economy through changes in employment, wages and local prices and how this diffusion affects workers' welfare. Using this framework, I address three related questions. First, I analyze the welfare consequences of productivity differences across local labor markets. I seek to understand what happens to the wage, employment and utility of workers with different skill levels when a local economy experiences a shift in the productivity of a group of workers. Second, I analyze the causes of productivity differences across local labor markets. To a large extent, productivity differences within a country are unlikely to be exogenous. I review the theoretical and empirical literature on agglomeration economies, with a particular focus on studies that are relevant for labor economists. Finally, I discuss the implications for policy.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 4905en_US
dc.subject.jelJ00en_US
dc.subject.ddc330en_US
dc.subject.keywordWagesen_US
dc.subject.keywordgeneral equilibriumen_US
dc.subject.stwRegionaler Arbeitsmarkten_US
dc.subject.stwRegionale Lohnstrukturen_US
dc.subject.stwRegionale Arbeitsmobilitäten_US
dc.subject.stwRäumliche Gleichgewichtstheorieen_US
dc.subject.stwArbeitsproduktivitäten_US
dc.subject.stwQualifikationen_US
dc.subject.stwAgglomerationseffekten_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleLocal labor marketsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn625208528en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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