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http://hdl.handle.net/10419/59572
  
Title:Wages, rents, unemployment, and the quality of life PDF Logo
Authors:Wrede, Matthias
Issue Date:2012
Series/Report no.:IWQW Discussion Paper series 01/2012 [rev.]
Abstract:Combining a spatial equilibrium model with a search-matching unemployment model, this paper analyzes the willingness to pay for regional amenities and the regional quality of life when wages, rents, and unemployment risk compensate for local amenities and disamenities. The results are compared with those obtained from the Rosen-Roback approach. Furthermore, the paper shows that the wage curve is negatively sloped for quasi-linear utility. Specifically, the wage rate increases and the unemployment ratio decreases in response to an increase in the amenity level if the amenity is marginally more beneficial to producers than to consumers. As an illustration of the unemployment-adjusted quality-of-life measure, the quality of life in West German counties is estimated.
Subjects:quality of life
residential mobility
unemployment
job search
matching
JEL:R12
R13
R14
H73
J61
J64
Document Type:Working Paper
Appears in Collections:IWQW Discussion Paper Series, FAU Erlangen-Nürnberg

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