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Spatial differences in labor market performance are large and highly persistent. Using data from the United States, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job finding, and …

We study a model where Becker meets Diamond-Mortensen-Pissarides and Bewley-Huggett-Aiyagari.

We document stark differences in the labor market outcomes between the U.S. and China, the largest two economies in the world, during the past 30 years.