City structure and the location of young college graduates

This paper investigates an equilibrium search model with on-the-job search, endogenous wage formation and land allocation. Search frictions are increasing with the distance to a city’s central business district. We find a positive relationship between wage and distance to jobs. This can be explained...

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Bibliographic Details
Published in:Journal of urban economics 2018-03, Vol.104 (March), p.1-15
Main Author: van Vuuren, Aico
Format: Article
Language:English
Subjects:
Arbeitsmarktchance
Arbeitsplatzwahl
Arbeitsuche
Arbeitsweg
Berufsanfänger
Business & Economics
City structure
Economics and Business
Ekonomi och näringsliv
Gentrification
Hochschulabsolvent
Informelle Kommunikation
Junger Erwachsener
Lohnhöhe
mismatch
Search
Soziales Netzwerk
Stadt
Standortfaktor
the-job search
Urban economics
Urban Studies
wages
Wohnen
Wohnort
Ökonomische Determinanten
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Summary:This paper investigates an equilibrium search model with on-the-job search, endogenous wage formation and land allocation. Search frictions are increasing with the distance to a city’s central business district. We find a positive relationship between wage and distance to jobs. This can be explained by the fact that the number of acceptable outside offers decreases with the wage. We are able to relate our results to some empirically relevant aspects on gentrification.
ISSN:0094-1190
1095-9068
DOI:10.1016/j.jue.2017.11.003