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Friedrich-Alexander-Universität Erlangen-Nürnberg (FAU) >
Institut für Wirtschaftspolitik und Quantitative Wirtschaftsforschung (IWQW), Universität Erlangen-Nürnberg >
IWQW Discussion Paper Series, FAU Erlangen-Nürnberg >
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http://hdl.handle.net/10419/55265
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| Title: | | Wages, rents, unemployment, and the quality of life |
| Authors: | | Wrede, Matthias |
| Issue Date: | | 2012 |
| Series/Report no.: | | IWQW discussion paper series 01/2012 |
| Abstract: | | Combining a spatial equilibrium model with a matching unemployment model, this paper analyzes the regional quality of life when wages, rents, and unemployment risk compensate for local amenities and disamenities. In particular, the paper shows for quasi-linear utility that the effects of any amenity on wages and unemployment rates are of opposite sign. Additionally, the wage rate and the labor market tightness increase and the unemployment ratio decreases in reaction to an increase in the level of an amenity if the amenity is marginally more beneficial to producers than to consumers per unit of land. Based on the model, quality of life of the unemployed in West German counties is estimated. |
| Subjects: | | quality of life unemployment matching mobility |
| JEL: | | R12 R13 R14 H22 |
| Is replaced by the following version: | | http://hdl.handle.net/10419/59572 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IWQW Discussion Paper Series, FAU Erlangen-Nürnberg
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| The document was removed on behalf of the author(s)/ the editor(s) on: May 7, 2013 |
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