This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. Journals
  3. American Economic Review
  4. May 2013
  5. Place Based Policies with Unemployment

Place Based Policies with Unemployment

  • Patrick Kline
  • Enrico Moretti
American Economic Review
vol. 103, no. 3, May 2013
(pp. 238-43)
Download Full Text PDF

Abstract

We develop a stylized model of frictional local labor markets with the goal of studying the efficiency of unemployment differences across areas. The model adapts the widely used Diamond-Mortensen-Pissarides framework to a local labor market setting with a competitive housing market. The result is a simple search analogue of the classic Roback model that provides a tractable environment for studying the effects of local job creation efforts.

Citation

Kline, Patrick, and Enrico Moretti. 2013. "Place Based Policies with Unemployment." American Economic Review, 103 (3): 238-43. DOI: 10.1257/aer.103.3.238

Additional Materials

JEL Classification

  • E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
  • R12 Size and Spatial Distributions of Regional Economic Activity
  • R23 Urban, Rural, Regional, Real Estate, and Transportation Economics: Regional Migration; Regional Labor Markets; Population; Neighborhood Characteristics