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Wages, Rents, Unemployment, and the Quality of Life

Matthias Wrede ()

Annual Conference 2012 (Goettingen): New Approaches and Challenges for the Labor Market of the 21st Century from Verein für Socialpolitik / German Economic Association

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.

JEL-codes: R12 H73 R14 (search for similar items in EconPapers)
Date: 2012
New Economics Papers: this item is included in nep-lab and nep-ure
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https://www.econstor.eu/bitstream/10419/62034/1/VfS_2012_pid_346.pdf (application/pdf)

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)
Working Paper: Wages, rents, unemployment, and the quality of life (2012) Downloads
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