Unemployment Compensation

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Compensation of Regional Unemployment in Housing Markets

Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that clearing of land markets may undo the...

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ژورنال

عنوان ژورنال: The ANNALS of the American Academy of Political and Social Science

سال: 1939

ISSN: 0002-7162,1552-3349

DOI: 10.1177/000271623920200103