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EMU CHALLENGES REGIONAL LABOR MARKETS [PDF]

open access: yes
Dohse, Dirk   +2 more
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ENDOGENOUS LABOR MARKET CYCLES

International Economic Review, 2018
AbstractWe offer a new way of thinking about labor market fluctuations. In a perfectly stationary physical environment of the labor market, moral hazard and competition in long‐term contracting generate cycles in market tightness, which may induce job creation and destruction, and two‐period and longer cycles in wages and employment.
Li, Yunan, Wang, Cheng
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Local Labor Markets

Journal of Political Economy, 1986
This paper studies the processes of wage and employment dynamics within local labor markets. The theoretical context is a dynamic spatial equilibrium among locales that is supported by incentives to migrate to markets offering the greatest present value of future earnings. Thus costly migration arbitrages geographic wage differences.
openaire   +1 more source

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