Wages, Rents, Unemployment, and the Quality of Life

Matthias Wrede

No 3803, CESifo Working Paper Series from CESifo

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.

Keywords: quality of life; unemployment; job search; matching; mobility (search for similar items in EconPapers)
JEL-codes: H73 J61 J64 R12 R13 R14 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (8)

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Related works:
Working Paper: Wages, Rents, Unemployment, and the Quality of Life (2013)
Working Paper: Wages, rents, unemployment, and the quality of life (2012)
Working Paper: Wages, rents, unemployment, and the quality of life (2012)
Working Paper: Wages, Rents, Unemployment, and the Quality of Life (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_3803

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