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Wages, rents, unemployment, and the quality of life

Matthias Wrede ()

No 01/2012, FAU Discussion Papers in Economics from Friedrich-Alexander University Erlangen-Nuremberg, Institute for Economics

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 the unemployed in West German counties is estimated.

Keywords: quality of life; unemployment; matching; mobility (search for similar items in EconPapers)
JEL-codes: R12 R13 R14 H22 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge, nep-geo, nep-lab and nep-ure
Date: 2012
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Related works:
Working Paper: Wages, Rents, Unemployment, and the Quality of Life (2013) Downloads
Working Paper: Wages, Rents, Unemployment, and the Quality of Life (2012) Downloads
Working Paper: Wages, rents, unemployment, and the quality of life (2012) Downloads
Working Paper: Wages, Rents, Unemployment, and the Quality of Life (2012) Downloads
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