If we want to create jobs in disadvantaged local areas, the idea of ‘local’ needs to be revisited.
Alan Manning (LSE, London, UK) and Barbara Petrongolo (Queen Mary University of London, UK) 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.
JEL Classification: J61, J63, J64, R12
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