How Long to Read Compensation of Regional Unemployment in Housing Markets

How Long Does it Take to Read Compensation of Regional Unemployment in Housing Markets?

It takes the average reader and 26 minutes to read Compensation of Regional Unemployment in Housing Markets by Jos van Ommeren

Assuming a reading speed of 250 words per minute. Learn more

Description

Why are regional unemployment differentials in Europe so persistent if, as the wage curve literature demonstrates, there is no compensation in labour markets? We hypothesize that workers in high-unemployment regions are compensated in housing markets. Modelling regional unemployment differentials as a consequence of centralized wage bargaining, we show that clearing of land markets may undo the incentive for workers to migrate to low-unemployment regions in general equilibrium. The compensating differentials hypothesis is tested on city-level data for several countries. Controlling for variation in income and amenities, housing is found to be about 3 percent less expensive on average in cities where unemployment is 10 percent up. An analysis of housing demand survey data, which takes account of housing heterogeneity, yields a similar negative relationship. The magnitude of the income effect generated by this compensating differential is consistent with a -0.10 wage curve elasticity. These findings weaken the case for regional support programs.

How long is Compensation of Regional Unemployment in Housing Markets?

Compensation of Regional Unemployment in Housing Markets by Jos van Ommeren is 26 pages long, and a total of 6,656 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Compensation of Regional Unemployment in Housing Markets Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Compensation of Regional Unemployment in Housing Markets aloud.

What Reading Level is Compensation of Regional Unemployment in Housing Markets?

Compensation of Regional Unemployment in Housing Markets is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Compensation of Regional Unemployment in Housing Markets?

Compensation of Regional Unemployment in Housing Markets by Jos van Ommeren is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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