Publication
Apr 2006
This paper argues that workers in high-unemployment regions of Europe are compensated in housing markets. It explains regional unemployment differentials as a consequence of centralized wage bargaining, arguing that the clearing of land markets can undo the incentive for workers to migrate to low-unemployment regions. The authors test the compensating differentials hypothesis on city-level data for several European countries.
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English (PDF, 26 pages, 401 KB) |
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Author | Wouter Vermeulen, Jos van Ommeren |
Series | CEPS ENEPRI Working Papers |
Issue | 45 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2006 Centre for European Policy Studies (CEPS) |