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Title:Wages, rents, unemployment, and the quality of life PDF Logo
Authors:Wrede, Matthias
Issue Date:2012
Series/Report no.:CESifo working paper: Public Finance 3803
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 average mobile workers in West German counties is estimated.
Subjects:quality of life
unemployment
job search
matching
mobility
JEL:R12
R13
R14
H73
J61
J64
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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