On the Effects of Skill Upgrading in the Presence of Spatial Labor Market Frictions: An Agent-Based Analysis of Spatial Policy Design
Simon Gemkow (),
Philipp Harting and
Michael Neugart ()
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Simon Gemkow: http://www.wiwi.uni-bielefeld.de/lehrbereiche/vwl/etace/team/Ehemalige/Simon_Gemkow
Journal of Artificial Societies and Social Simulation, 2009, vol. 12, issue 4, 5
We report results of economic policy experiments carried out in the framework of the EURACE agent-based macroeconomic model featuring a distinct geographical dimension and heterogeneous workers with respect to skill types. Using a calibrated model able to replicate a range of stylized facts of goods and labor markets, it is examined in how far e ffects di ffer if policy measures aiming at an improvement of general skills are uniformly spread over all regions in the economy or focused in one particular region. We find that it depends on the level of spatial frictions on the labor market how the spatial distribution of policy measures aff ects the e ffects of the policy. Furthermore, we show that a reduction in spatial frictions does not necessarily improve the growth of output and household income.
Keywords: Agent-Based Model; Skills; Innovation; Regional Policy (search for similar items in EconPapers)
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Working Paper: On the effects of skill upgrading in the presence of spatial labor market frictions: an agent-based analysis of spatial policy design (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:jas:jasssj:2009-65-1
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