City structure and the location of young urban professionals

Aico van Vuuren

doi:10.1016/j.jue.2017.11.003

City structure and the location of young urban professionals

Aico van Vuuren

Research output: Contribution to journal › Article › Academic › peer-review

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Abstract

This paper investigates an equilibrium search model with on-the-job search, endogenous wage formation and land allocation. Search frictions are increasing with the distance to a city’s central business district. We find a positive relationship between wage and distance to jobs. This can be explained by the fact that the number of acceptable outside offers decreases with the wage. We are able to relate our results to some empirically relevant aspects on gentrification.

Original language	English
Pages (from-to)	1-15
Number of pages	16
Journal	Journal of Urban Economics
Volume	104
DOIs	https://doi.org/10.1016/j.jue.2017.11.003
Publication status	Published - 2018
Externally published	Yes

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title = "City structure and the location of young urban professionals",

abstract = "This paper investigates an equilibrium search model with on-the-job search, endogenous wage formation and land allocation. Search frictions are increasing with the distance to a city{\textquoteright}s central business district. We find a positive relationship between wage and distance to jobs. This can be explained by the fact that the number of acceptable outside offers decreases with the wage. We are able to relate our results to some empirically relevant aspects on gentrification.",

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AB - This paper investigates an equilibrium search model with on-the-job search, endogenous wage formation and land allocation. Search frictions are increasing with the distance to a city’s central business district. We find a positive relationship between wage and distance to jobs. This can be explained by the fact that the number of acceptable outside offers decreases with the wage. We are able to relate our results to some empirically relevant aspects on gentrification.

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DO - 10.1016/j.jue.2017.11.003

M3 - Article

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VL - 104

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JO - Journal of Urban Economics

JF - Journal of Urban Economics

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City structure and the location of young urban professionals

Abstract

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