Social Interactions and Labor Market Outcomes in Cities We develop a model where information about jobs is essentially obtained through friends and relatives, i.e. strong and weak ties. Workers commute to a business center to work and to interact with other people. We find that housing prices increase with the level of social interactions in the city because information about jobs is transmitte...

A test strategy consisting of a two-step application of a Lagrange Multiplier test was recently suggested as a device to reveal spatial nonstationarity, spurious spatial regression and spatial cointegration. The present paper generalises the test procedure by incorporating control for biased test values emerging from unobserved heteroscedasticity. Using Monte Carlo simulation, the behaviour of ...

in this research, the attempt was made to test the existence of the natural rate hypothesis in iran, by using a johansson cointegration test. the results do not reveal any long run relationship between inflation and unemployment in iran for 1340-1386 periods. because of the time varying nature of nairu, the hp filter was applied to estimate the time series of nairu. comparing the nairu time ser...

The Resource-Constrained Project-Scheduling Problem (RCPSP) is an NP-hard problem which can be found in many research domains. optimal solution of the RCPSP problems requires a balance between exploration/exploitation and diversification/intensification. With this mind, quantum-inspired evolutionary algorithms' ability to improve population quality solutions, work investigates performance genet...

This paper develops a new method of estimating risk aversion using data on labor supply behavior. In particular, I show that existing evidence on labor supply behavior places a tight upper bound on risk aversion in the expected utility model. I derive a formula for the coe¢ cient of relative risk aversion ( ) in terms of (1) the ratio of the income elasticity of labor supply to the wage elastic...

This paper assesses the existence of a UK ‘wage curve’ to explore the role of regional unemployment in the determination of individual pay. Recent empirical research adheres to the existence of a new empirical law of economics, a stable inverse non-linear relationship between individual pay and the local unemployment rate. Critiques of this research emphasise issues concerning choice of econome...

In the modern welfare state, people who cannot make a living usually receive financial assistance from public funds. Accordingly, the so-called social work norm against living off other people is violated, which may be the reason why the unemployed are so unhappy. If so, however, labour market concepts based on the notion of promoting low-paid jobs that are subsidised if necessary with addition...

Cyclicality and the Labor Market for Economists Using a unique sample of new Ph.D. economists in 1987 and 1997, we examine how job seekers and their employers alter their search strategies in strong versus weak markets. The 1987 academic market was strong while the 1997 market was much weaker. A multimarket theory of optimal search suggests that job seekers will respond to a weakening market by...

When it is costly for agents to ̄nd a match, integrating small markets into a large one increases the matching di±culty. We examine such dependence of the number of matches on the market size by explicitly modelling ̄rms' attempt to attract workers by posting wages. It is shown that integration reduces the relative market power of agents on the much shorter side of the market. Thus, if there ar...

Occupational Mobility and Living in Deprived Neighbourhoods: Housing Tenure Differences in ‘Neighbourhood Effects’ The literature on neighbourhood effects suggests that the lack of social mobility of some groups has a spatial dimension. It is thought that those living in the most deprived neighbourhoods are the least likely to achieve upward mobility because of a range of negative neighbourhood...