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Expected Time to Employment as a Function of Labor Market Size: A Theoretical Note

Author

Listed:
  • Schaeffer, Peter V.

    (WVU)

  • Gebremedhin, Tesfa G.

    (WVU)

Abstract

When job prospects are uncertain, labor market size matters even when labor and jobs, respectively, are homogenous. The expected time to employment and its standard deviation may differ systematically with labor market size and create incentives for agglomeration.

Suggested Citation

  • Schaeffer, Peter V. & Gebremedhin, Tesfa G., 2009. "Expected Time to Employment as a Function of Labor Market Size: A Theoretical Note," The Review of Regional Studies, Southern Regional Science Association, vol. 39(3), pages 287-295.
  • Handle: RePEc:rre:publsh:v:39:y:2009:i:3:p:287-95
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    References listed on IDEAS

    as
    1. Mukoyama, Toshihiko & Sahin, Aysegl, 2009. "Why did the average duration of unemployment become so much longer?," Journal of Monetary Economics, Elsevier, vol. 56(2), pages 200-209, March.
    2. Gan, Li & Zhang, Qinghua, 2006. "The thick market effect on local unemployment rate fluctuations," Journal of Econometrics, Elsevier, vol. 133(1), pages 127-152, July.
    3. Smith, Adam, 1776. "An Inquiry into the Nature and Causes of the Wealth of Nations," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number smith1776, December.
    4. Elazar Berkovitch, 1985. "Reputation Effect in Equilibrium Search and Bargaining- A Stigma Theory of Unemployment Duration," Discussion Papers 668, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. Fields, Gary S, 1976. "Labor Force Migration, Unemployment and Job Turnover," The Review of Economics and Statistics, MIT Press, vol. 58(4), pages 407-415, November.
    6. Greenwood, Michael J, 1975. "Research on Internal Migration in the United States: A Survey," Journal of Economic Literature, American Economic Association, vol. 13(2), pages 397-433, June.
    7. Timothy J. Bartik, 2002. "Spillover Effects of Welfare Reforms in State Labor Markets," Journal of Regional Science, Wiley Blackwell, vol. 42(4), pages 667-701.
    8. Arulampalam, Wiji & Stewart, Mark B, 1995. "The Determinants of Individual Unemployment Durations in an Era of High Unemployment," Economic Journal, Royal Economic Society, vol. 105(429), pages 321-332, March.
    9. Jeffrey A. Groen, 2005. "Occupation-Specific Human Capital and Local Labor Markets," Working Papers 376, U.S. Bureau of Labor Statistics.
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    More about this item

    Keywords

    Employment;

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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