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On the Effects of Skill Upgrading in the Presence of Spatial Labor Market Frictions: An Agent-Based Analysis of Spatial Policy Design

Dawid, Herbert ; Gemkow, Simon ; Harting, Philipp ; Neugart, Michael (2024)
On the Effects of Skill Upgrading in the Presence of Spatial Labor Market Frictions: An Agent-Based Analysis of Spatial Policy Design.
In: Journal of Artificial Societies and Social Simulation, 2009, 12 (4)
doi: 10.26083/tuprints-00027389
Artikel, Zweitveröffentlichung, Verlagsversion

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Kurzbeschreibung (Abstract)

We report results of economic policy experiments carried out in the framework of the EURACE agent-based macroeconomic model featuring a distinct geographical dimension and heterogeneous workers with respect to skill types. Using a calibrated model able to replicate a range of stylized facts of goods and labor markets, it is examined in how far effects differ if policy measures aiming at an improvement of general skills are uniformly spread over all regions in the economy or focused in one particular region. We find that it depends on the level of spatial frictions on the labor market how the spatial distribution of policy measures affects the effects of the policy. Furthermore, we show that a reduction in spatial frictions does not necessarily improve the growth of output and household income.

Typ des Eintrags: Artikel
Erschienen: 2024
Autor(en): Dawid, Herbert ; Gemkow, Simon ; Harting, Philipp ; Neugart, Michael
Art des Eintrags: Zweitveröffentlichung
Titel: On the Effects of Skill Upgrading in the Presence of Spatial Labor Market Frictions: An Agent-Based Analysis of Spatial Policy Design
Sprache: Englisch
Publikationsjahr: 16 September 2024
Ort: Darmstadt
Publikationsdatum der Erstveröffentlichung: 2009
Ort der Erstveröffentlichung: Guildford
Verlag: JASSS
Titel der Zeitschrift, Zeitung oder Schriftenreihe: Journal of Artificial Societies and Social Simulation
Jahrgang/Volume einer Zeitschrift: 12
(Heft-)Nummer: 4
Kollation: 23 Seiten
DOI: 10.26083/tuprints-00027389
URL / URN: https://tuprints.ulb.tu-darmstadt.de/27389
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Herkunft: Zweitveröffentlichungsservice
Kurzbeschreibung (Abstract):

We report results of economic policy experiments carried out in the framework of the EURACE agent-based macroeconomic model featuring a distinct geographical dimension and heterogeneous workers with respect to skill types. Using a calibrated model able to replicate a range of stylized facts of goods and labor markets, it is examined in how far effects differ if policy measures aiming at an improvement of general skills are uniformly spread over all regions in the economy or focused in one particular region. We find that it depends on the level of spatial frictions on the labor market how the spatial distribution of policy measures affects the effects of the policy. Furthermore, we show that a reduction in spatial frictions does not necessarily improve the growth of output and household income.

Freie Schlagworte: Agent-Based Model, Skills, Innovation, Regional Policy
Status: Verlagsversion
URN: urn:nbn:de:tuda-tuprints-273892
Sachgruppe der Dewey Dezimalklassifikatin (DDC): 300 Sozialwissenschaften > 320 Politik
300 Sozialwissenschaften > 330 Wirtschaft
Hinterlegungsdatum: 16 Sep 2024 09:44
Letzte Änderung: 17 Sep 2024 08:48
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