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Urban Labor Economics

$47.99 (P)

  • Date Published: April 2009
  • availability: In stock
  • format: Paperback
  • isbn: 9780521698221

$ 47.99 (P)
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About the Authors
  • The aim of this book is to study the links between urban economics and labor economics. Different models of urban labor economic theory are examined in the initial two parts of this book: first urban search-matching models (Part 1) and then urban efficiency wages (Part 2). In Part 3, we apply these models to analyze urban ghettos and their consequences for ethnic minorities in the labor market. Professor Zenou first provides different mechanisms for the so-called spatial mismatch hypothesis, which postulates that housing discrimination introduces a key frictional factor that prevents minorities from improving access to job opportunities by relocating their residences closer to jobs. He then explores social networks, which tend to be affected by spatial factors, as workers who are physically close to jobs can be socially far away from them. Based on these models, the author offers different policies aiming at fighting high unemployment rates experienced by ethnic minorities residing in segregated areas.

    • The first academic book devoted to urban labor economics
    • Will be of interest for both urban and labor economists, as well as urban planners and policy makers
    • Covers topical issues such as ghetto employment patterns, social networks, and labor search methods
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    Reviews & endorsements

    “In the field of urban economics, this is exactly the kind of book that I have been waiting for. Based on his persistent research work over the past twenty years, Zenou has done a great job of presenting a unified theory of urban labor economics, in which land markets and labor markets are linked in an integrated manner. After introducing the main theoretical ingredients systematically, the book addresses major policy issues, such as urban unemployment, ghettos, labor market networks, and spatial mismatches between minorities’ residences and job locations. This book is a must for both urban economists and labor economists interested in cities as well as for urban policy makers.” – Masahisa Fujita, Institute of Economic Research, Kyoto University (KIER), Japan

    “Economists have begun to unravel how geography and the labor market interact to influence the extent of urban poverty and race discrimination. In this book Yves Zenou, a leader in the field, reviews and unites the literature in a way that is accessible to advanced students and useful to specialists.” – Kevin Lang, Boston University

    “The modern theory of labour markets and the modern theory of urban economics grew independently from each other but the parallels are obvious. Search and matching theory is about bringing disparate jobs and workers together to form productive matches. Urban economics is about the location of economic activity and residential housing. In recent years, Yves Zenou has been one of the pioneer match-makers for the two strands of theory. In this book he patiently develops the key ideas in each theory and shows how a rich equilibrium is obtained with explicit land use and labour frictions. It should be a standard reference both for labour economists wanting to bring land as a scarce factor in their models and for urban economists wanting to learn about the implications of search and matching frictions or efficiency wages for land use.” – Christopher Pissarides, London School of Economics

    “Yves Zenou provides a lucid theoretical analysis of wage and employment determination in cities. Up to date and comprehensive in its coverage; a brilliant achievement.” – Yoram Weiss, Tel-Aviv University, Israel

    "The value of this book... is not in the conclusion but in the rigor and completeness of the analysis that produced it.... Highly recommended." - Choice

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    Product details

    • Date Published: April 2009
    • format: Paperback
    • isbn: 9780521698221
    • length: 524 pages
    • dimensions: 228 x 150 x 27 mm
    • weight: 0.7kg
    • contains: 71 b/w illus. 22 tables
    • availability: In stock
  • Table of Contents

    Introduction
    Part I. Urban Search-Matching:
    1. Simple models of urban search-matching
    2. Extensions of urban search-matching models
    3. Non-monocentric cities and search-matching
    Part II. Urban Efficiency Wages:
    4. Simple models of urban efficiency wages
    5. Extensions of urban efficiency wage models
    6. Non-monocentric cities and efficiency wages
    Part III. Urban Ghettos and the Labor Market:
    7. The spatial mismatch hypothesis: a search-matching approach
    8. The spatial mismatch hypothesis: an efficiency-wage approach
    9. Peer effects, social networks, and labor market outcomes in cities
    General conclusion.

  • Instructors have used or reviewed this title for the following courses

    • Policy Analysis and Local Governance
    • Poverty, Inequality, & Public Policy
    • Seminar in Labor Economics
    • Urban Economics and Public Policy
    • Urban and Real Estate Economics
  • Author

    Yves Zenou, Stockholms Universitet
    Yves Zenou is Professor of Economics at Stockholm University and a Senior Research Fellow at the Research Institute of Industrial Economics (IFN). He is also affiliated with the Groupe d'Analyse des Itinéraires et Niveaux Salariaux (GAINS, Le Mans, France), the Center for Economic Policy Research (CEPR, London), and the Institute for the Study of Labor (IZA, Bonn). He was previously Professor of Economics at the University of Southampton, UK, and a Research Fellow at the Center for Operations Research and Econometrics (CORE, Belgium). Yves Zenou has also been a visiting professor at the European University Institute in Florence and Tel Aviv University. He is editor of Regional Science and Urban Economics and associate editor of the Journal of Urban Economics. His publications have appeared in leading journals such as Econometrica, Review of Economic Studies, the Journal of Economic Theory, International Economic Review, the Journal of Labor Economics, and the Journal of Public Economics.

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