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• W3124601940 abstract "We present a new way of modelling local labour markets by linking the space of workers' skills and the physical space of cities. The key lesson of our analysis is that firms exploit workers in these two spaces by setting wages that are below the competitive level. The degree of monopsony power depends on the elasticity of the firm's labour pool, which is inversely related to the costs workers incur in commuting and acquiring skills. Our analysis thus shows how socioeconomic ghettos emerge as workers with poor skill matches are also those who incur the highest commuting costs." @default.
• W3124601940 created "2021-02-01" @default.
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• W3124601940 date "2000-11-01" @default.
• W3124601940 modified "2023-09-27" @default.
• W3124601940 title "Local Labour Markets, Job Matching and Urban Location" @default.
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