Journal ArticleDOI
Frictional Unemployment and the Role of Industrial Diversity
TLDR
In this article, the authors argue that a city's frictional unemployment rate will be lower, the more industrially diversified is the city; that is the more evenly distributed is employment across industries.Abstract:
Since many individuals are immobile between city labor markets in the short run, the industrial structure of cities plays an important role in determining the national rate of unemployment. This paper argues that a city's frictional unemployment rate will be lower, the more industrially diversified is the city; that is, the more evenly distributed is employment across industries. The empirical work on 91 large SMSAs strongly supports the hypothesis. The difference in frictional unemployment rates between the twenty most and least diverse cities is estimated at about 2.4 percentage points.read more
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Book ChapterDOI
Evidence on the Nature and Sources of Agglomeration Economies
TL;DR: In this paper, the authors consider the empirical literature on the nature and sources of urban increasing returns, also known as agglomeration economies, and show that the effects of aggoglomeration extend over at least three different dimensions.
Posted Content
Evidence on the nature and sources of agglomeration economies
TL;DR: In this article, the authors consider the empirical literature on the nature and sources of urban increasing returns, also known as agglomeration economies, and show that the effects of aggoglomeration extend over at least three different dimensions.
Journal ArticleDOI
Identifying the Sources of Local Productivity Growth
TL;DR: In this article, the effects of alternative sources of dynamic externalities at the local level were estimated using firm-level based TFP indicators (as opposed to employment-based proxies) and they found that industrial specialization and scale indicators affect TFP growth positively, while neither product variety nor the degree of local competition have any effect.
Posted Content
The Mystery of Regional Unemployment Differentials: Theoretical and Empirical Explanations
TL;DR: In this article, the authors provide an integrated overview of theoretical and empirical explanations used in the applied literature on regional unemployment differentials and identify 13 sets of explanatory variables, including labour supply factors, labour demand factors and wage-setting factors.
Journal ArticleDOI
The Mystery of Regional Unemployment Differentials: Theoretical and Empirical Explanations
TL;DR: In this paper, the authors provide an integrated overview of theoretical and empirical explanations used in the applied literature on regional unemployment differentials and identify 13 sets of explanatory variables, including labour supply factors, labour demand factors and wage-setting factors.
References
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Journal ArticleDOI
Equilibrium Earnings, Turnover, and Unemployment: New Evidence
TL;DR: In this paper, a three-state model of employment and unemployment is proposed to identify the determinants of individuals' rates of entering and leaving unemployment spells and the impact of these differences on the distribution of wages.
Journal ArticleDOI
Differentiating employment prospects by industry and returns to job search in metropolitan areas
TL;DR: In this article, the role of differentiating employment prospects by the industry of the employer in the job seeker's calculation of the returns to search is analyzed, and it is demonstrated that returns can vary systematically between metropolitan areas because of differing mixes of industry employment; it is argued that an increase in a measure of dispersion in the industry mix will tend to raise returns to job search.