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We use a spatial general equilibrium model with potential commuting of workers between their place of work and their …
Persistent link: https://www.econbiz.de/10011996174
We use a spatial general equilibrium model with potential commuting of workers between their place of work and their …
Persistent link: https://www.econbiz.de/10012018278
Even though workers in the UK spent just 1,000 pounds on commuting in 2017, the economic loss may be far higher because … of the congestion externality arising from the way in which one worker's commute affects the commuting time of others. I … provide empirical evidence that commuting time affects job acceptance, pointing to large indirect costs of congestion. To …
Persistent link: https://www.econbiz.de/10013291727
Even though workers in the UK spent just 1,000 pounds on commuting in 2017, the economic loss may be far higher because … of the congestion externality arising from the way in which one worker's commute affects the commuting time of others. I … provide empirical evidence that commuting time affects job acceptance, pointing to large indirect costs of congestion. To …
Persistent link: https://www.econbiz.de/10013315314
commuting developed in Monte et al. (2018) to address the workings of local labor markets in Germany. One key contribution … commuting measures have very little predictive power for these general equilibrium elasticities when the housing share is small … housing share has only little influence on the welfare effects and location patterns of counterfactual commuting cost …
Persistent link: https://www.econbiz.de/10011996456
The paper presents a polycentric general equilibrium model with congestion externalities and distortionary labor taxation calibrated to fit the key empirical regularities of the regional economy and transport system of Randstad conglomeration. In line with more stylized models, marginal external...
Persistent link: https://www.econbiz.de/10011298885
prices. Using a panel of bilateral commuting flows, I estimate a quantitative spatial general equilibrium model to quantify … the welfare benefits of urban rail transit and distinguish the benefits of reduced commuting frictions from other channels …. The subway causes a 7%-13% increase in commuting between pairs of connected tracts; I select plausible control pairs using …
Persistent link: https://www.econbiz.de/10011891840
workers distributed between them. We introduce commuting costs and search-matching frictions to deal with the spatial mismatch …
Persistent link: https://www.econbiz.de/10010228787
show that strongly localized knowledge spillovers, skilled labor abundance, and low commuting costs are key drivers for a …
Persistent link: https://www.econbiz.de/10012271746
. First, we explore the role of commuting for local labor markets and their capacity to absorb productivity shocks. Second, we … address the role of housing markets for quantitative analyses. Germany is an exciting laboratory because commuting across …
Persistent link: https://www.econbiz.de/10012597696