Equilibrium Urban Unemployment

Etienne Wasmer and Yves Zenou

DELTA Working Papers from DELTA (Ecole normale supérieure)

Abstract: We introduce a spatial dimension in a search equilibrium unemployment model. By assuming that workers'search efficiency decreases with the distance to the employment-center, two urban equilibrium configurations emerge: either the unemployed reside close to the employment-center or far away from it, depending on the values of the commuting costs and of the surplus associated with search, which depends on the labor market equilibrium. The labor market equilibrium itself depends crucially on these urban equilibria. We show that the unemployment level is lower in the first urban equilibrium.

Date: 1997
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Working Paper: Equilibrium Urban Unemployment (1997)
Working Paper: Equilibrium Urban Unemployment (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:del:abcdef:97-15

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