Abstract:

If we want to create jobs in disadvantaged local areas, the idea of ‘local’ needs to be revisited. Alan Manning and Barbara Petrongolo explain the problem of thinking of geographical space as non-overlapping single labour markets. Their study, which draws on evidence from job openings in London ahead of the 2012 Olympics, provides a useful toolkit to understand the likely impact of place-based policies.

This article summarises ‘How Local Are Labor Markets? Evidence from a Spatial Job Search Model’ by Alan Manning and Barbara Petrongolo, CEP Discussion Paper No. 1101, December 2011
This paper has been published as:
'How Local Are Labor Markets? Evidence from a Spatial Job Search Model', Alan Manning and Barbara Petrongolo, American Economic Review, Volume 107, Issue 10, October 2017