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Articles 1 - 11 of 11
Full-Text Articles in Social and Behavioral Sciences
Spatial Equilibrium In The Labor Market, Philip E. Graves
Spatial Equilibrium In The Labor Market, Philip E. Graves
PHILIP E GRAVES
The paper discusses two approaches to spatial equilibrium in the labor market. The more traditional approach of labor economics assumes wage differentials represent arbitrageable differences in utility, with implications 1) that migration should be toward higher wage areas and 2) that migration flows will lead to convergence in wages over space. The more recent approach of urban/regional economics follows Roback in examining the implications of assumed equilibrium in utility over space. In this view wage differentials are compensatory (along with rent differentials) for amenity variation over space. The implications for wage convergence over space are complicated, but in general there …
Spatial Equilibrium In Labor Markets, Philip E. Graves
Spatial Equilibrium In Labor Markets, Philip E. Graves
PHILIP E GRAVES
Over long periods of human history, labor market equilibrium involved movements from low-wage areas to high-wage areas, a form of arbitrage under the implicit view that wage differentials corresponded to utility differentials. This “labor economics” view is likely to be viable as long as movement and information costs are high, and under this view the movements would be expected to cause wage convergence over space. In recent decades, perhaps beginning as early as the 1960’s, both the out of pocket and psychological costs of movement have plummeted with advances in transportation and communication technology and innovation. In addition, these same …
The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder
The Peculiar Immobility: Regional Affinity And The Postbellum Black Migrant, Philip E. Graves, Robert L. Sexton, Richard Vedder
PHILIP E GRAVES
Why did newly freed slaves and their descendants wait a half a century before migrating in large numbers to the superior economic opportunities in the North? Census lifetime migration data on both movers and stayers are examined intertemporally for both whites and blacks. Regression analysis reveals that before 1920 Southern blacks had a very strong affinity for the "Southern way of life."
The Hedonic Method: Value Of Statistical Life, Wage Compensation Property Value Compensation, Philip E. Graves
The Hedonic Method: Value Of Statistical Life, Wage Compensation Property Value Compensation, Philip E. Graves
PHILIP E GRAVES
There is no abstract for this book chapter.
A Note On The "Union Effect" In Vsl Studies, Philip E. Graves
A Note On The "Union Effect" In Vsl Studies, Philip E. Graves
PHILIP E GRAVES
Viscusi and Aldy (2003) observe that “most studies of the U.S. labor market find that union affiliation is positively correlated with a greater wage-risk tradeoff while international evidence is much more mixed.” They provide several arguments as to why the risk premium might be higher for union members (marginal versus average worker preference, the quasi-public good nature of workplace safety, and better safety information for the unionized). An alternative explanation–concentration of union membership in undesirable locations–can account for both the apparent higher risk premium in union jobs in the United States and the failure to find that gap in the …
Amenities And The Labor Earnings Function, Philip E. Graves, Robert L. Sexton
Amenities And The Labor Earnings Function, Philip E. Graves, Robert L. Sexton
PHILIP E GRAVES
Desirable locations are, other things equal, expected to be characterized by a mix of higher rents or lower wages. That is, if one area is more attractive than others, inmigration would occur, driving up the demand for land (hence raising rents) and increasing the supply of labor (hence lowering wages). The in-movement will continue until utility is the same across locations in equilibrium. Failing to hold constant amenities in the traditional earnings functions employed by labor economists will result, then, in omitted-variable bias if worker characteristics (years of schooling, union membership, and so on) are correlated with amenities. By way …
Multimarket Amenity Compensation And The Behavior Of The Elderly, Philip E. Graves, Donald M. Waldman
Multimarket Amenity Compensation And The Behavior Of The Elderly, Philip E. Graves, Donald M. Waldman
PHILIP E GRAVES
There is no abstract for this work.
On The Role Of Amenities In Models Of Migration And Regional Development, Philip E. Graves
On The Role Of Amenities In Models Of Migration And Regional Development, Philip E. Graves
PHILIP E GRAVES
See manuscript for full abstract.
Migration With A Composite Amenity: The Role Of Rents, Philip E. Graves
Migration With A Composite Amenity: The Role Of Rents, Philip E. Graves
PHILIP E GRAVES
There is no abstract for this work.
Migration And Job Change: A Multinomial Logit Approach (Jue 1983), Peter D. Linneman, Philip E. Graves
Migration And Job Change: A Multinomial Logit Approach (Jue 1983), Peter D. Linneman, Philip E. Graves
PHILIP E GRAVES
See paper for the full abstract.
A Life-Cycle Empirical Analysis Of Migration And Climate, By Race (Jue 1979), Philip E. Graves
A Life-Cycle Empirical Analysis Of Migration And Climate, By Race (Jue 1979), Philip E. Graves
PHILIP E GRAVES
There is no abstract for this work.