[The impact of wage formation on residential structure]
(1998) 46th Annual Conference of the Association-Francaise-de-Science-Economique on Recent Developments in Economic Analysis — Location: PARIS(France) (18.September.1997)
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- Abstract
- We study the wage formation under complete and incomplete information when the labor force is heterogeneous. In the first case, the best-matched workers earn the highest wages while in the second, workers with the greatest bargaining power obtain the highest wages, even though they have the worst job-matching. This wage difference is reflected in the urban spatial structure : the richest workers reside close to the employment-center because their bid rents are the highest in the city. There is therefore a one-to-one correspondence between the labor and urban markets since the residential structure depends heavily on the type of information that prevails in the labor market.
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Thisse, J.-F., & Zenou, Y. (1998). [The impact of wage formation on residential structure]. Revue économique / Ecole des hautes études en sciences sociales, 49(3), 891-899. https://hdl.handle.net/2078.5/42139 (Original work published 1998)