Haller, Peter and Heuermann, Daniel F. (2020) Opportunities and competition in thick labor markets: Evidence from plant closures. JOURNAL OF REGIONAL SCIENCE, 60 (2). pp. 273-295. ISSN 0022-4146, 1467-9787
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Since Marshall (1890), it has been widely held in urban economic theory that cities insure workers against the risk of unemployment by offering a larger pool of potential jobs. Using a large administrative panel data set on workers displaced as a result of plant closures, we examine whether positive effects from a higher urban job density are offset by more intense competition between workers. When controlling for the sorting of workers between regions, we find robust evidence that the effect of job competition on unemployment duration exceeds that of job opportunities in absolute value. Our results put the idea of urban risk-sharing into perspective and provide an explanation for observed longer unemployment durations in cities.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | JOB SEARCH; DISPLACED WORKERS; EARNINGS LOSSES; ACCESSIBILITY; EMPLOYMENT; CITIES; FIRMS; agglomeration; displacement; thick labor markets |
| Subjects: | 300 Social sciences > 330 Economics |
| Divisions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie > Entpflichtete oder im Ruhestand befindliche Professoren > Lehrstuhl für Empirische Makroökonomie und Regionalökonomie (Prof. Dr. Joachim Möller) Business, Economics and Information Systems > Institut für Immobilienenwirtschaft / IRE|BS > Alumni or Retired Professors > Lehrstuhl für Empirische Makroökonomie und Regionalökonomie (Prof. Dr. Joachim Möller) |
| Depositing User: | Petra Gürster |
| Date Deposited: | 03 Apr 2020 05:54 |
| Last Modified: | 03 Apr 2020 05:54 |
| URI: | https://pred.uni-regensburg.de/id/eprint/26466 |
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