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'In the field of urban economics, this is exactly the kind of book that I have been waiting for. Based on his persistent research work over the past twenty years, Zenou has done a great job of presenting a unified theory of urban labor economics, in which land markets and labor markets are linked in an integrated manner. After introducing the main theoretical ingredients systematically, the book addresses major policy issues, such as urban unemployment, ghettos, labor market networks, and spatial mismatches between minorities' residences and job locations. This book is a must for both urban economists and labor economists interested in cities as well as for urban policy makers.' Masahisa Fujita, Institute of Economic Research, Kyoto University (KIER), Japan 'Economists have begun to unravel how geography and the labor market interact to influence the extent of urban poverty and race discrimination. In this book Yves Zenou, a leader in the field, reviews and unites the literature in a way that is accessible to advanced students and useful to specialists.' Kevin Lang, Boston University 'The modern theory of labour markets and the modern theory of urban economics grew independently from each other but the parallels are obvious. Search and matching theory is about bringing disparate jobs and workers together to form productive matches. Urban economics is about the location of economic activity and residential housing. In recent years, Yves Zenou has been one of the pioneer match-makers for the two strands of theory. In this book he patiently develops the key ideas in each theory and shows how a rich equilibrium is obtained with explicit land use and labour frictions. It should be a standard reference both for labour economists wanting to bring land as a scarce factor in their models and for urban economists wanting to learn about the implications of search and matching frictions or efficiency wages for land use.' Christopher Pissarides, London School of Economics 'Yves Zenou provides a lucid theoretical analysis of wage and employment determination in cities. Up to date and comprehensive in its coverage; a brilliant achievement.' Yoram Weiss, Tel-Aviv University, Israel In the field of urban economics, this is exactly the kind of book that I have been waiting for. Based on his persistent research work over the past twenty years, Zenou has done a great job of presenting a unified theory of urban labor economics, in which land markets and labor markets are linked in an integrated manner. After introducing the main theoretical ingredients systematically, the book addresses major policy issues, such as urban unemployment, ghettos, labor market networks, and spatial mismatches between minorities' residences and job locations. This book is a must for both urban economists and labor economists interested in cities as well as for urban policy makers. - Masahisa Fujita, Institute of Economic Research, Kyoto University (KIER), Japan Economists have begun to unravel how geography and the labor market interact to influence the extent of urban poverty and race discrimination. In this book Yves Zenou, a leader in the field, reviews and unites the literature in a way that is accessible to advanced students and useful to specialists. - Kevin Lang, Boston University The modern theory of labour markets and the modern theory of urban economics grew independently from each other but the parallels are obvious. Search and matching theory is about bringing disparate jobs and workers together to form productive matches. Urban economics is about the location of economic activity and residential housing. In recent years, Yves Zenou has been one of the pioneer match-makers for the two strands of theory. In this book he patiently develops the key ideas in each theory and shows how a rich equilibrium is obtained with explicit land use and labour frictions. It should be a standard reference both for labour economists wanting to bring land as a scarce factor in their models and for urban economists wanting to learn about the implications of search and matching frictions or efficiency wages for land use. - Christopher Pissarides, London School of Economics Yves Zenou provides a lucid theoretical analysis of wage and employment determination in cities. Up to date and comprehensive in its coverage; a brilliant achievement. - Yoram Weiss, Tel-Aviv University, Israel The value of this book... is not in the conclusion but in the rigor and completeness of the analysis that produced it.... Highly recommended. - Choice

'In the field of urban economics, this is exactly the kind of book that I have been waiting for. Based on his persistent research work over the past twenty years, Zenou has done a great job of presenting a unified theory of urban labor economics, in which land markets and labor markets are linked in an integrated manner. After introducing the main theoretical ingredients systematically, the book addresses major policy issues, such as urban unemployment, ghettos, labor market networks, and spatial mismatches between minorities' residences and job locations. This book is a must for both urban economists and labor economists interested in cities as well as for urban policy makers.' Masahisa Fujita, Institute of Economic Research, Kyoto University (KIER), Japan 'Economists have begun to unravel how geography and the labor market interact to influence the extent of urban poverty and race discrimination. In this book Yves Zenou, a leader in the field, reviews and unites the literature in a way that is accessible to advanced students and useful to specialists.' Kevin Lang, Boston University 'The modern theory of labour markets and the modern theory of urban economics grew independently from each other but the parallels are obvious. Search and matching theory is about bringing disparate jobs and workers together to form productive matches. Urban economics is about the location of economic activity and residential housing. In recent years, Yves Zenou has been one of the pioneer match-makers for the two strands of theory. In this book he patiently develops the key ideas in each theory and shows how a rich equilibrium is obtained with explicit land use and labour frictions. It should be a standard reference both for labour economists wanting to bring land as a scarce factor in their models and for urban economists wanting to learn about the implications of search and matching frictions or efficiency wages for land use.' Christopher Pissarides, London School of Economics 'Yves Zenou provides a lucid theoretical analysis of wage and employment determination in cities. Up to date and comprehensive in its coverage; a brilliant achievement.' Yoram Weiss, Tel-Aviv University, Israel

Author Information

Yves Zenou is Professor of Economics at Stockholm University and a Senior Research Fellow at the Research Institute of Industrial Economics (IFN). He is also affiliated with the Groupe d'Analyse des Itinéraires et Niveaux Salariaux (GAINS, Le Mans, France), the Center for Economic Policy Research (CEPR, London), and the Institute for the Study of Labor (IZA, Bonn). He was previously Professor of Economics at the University of Southampton, UK, and a Research Fellow at the Center for Operations Research and Econometrics (CORE, Belgium). Yves Zenou has also been a visiting professor at the European University Institute in Florence and Tel Aviv University. He is editor of Regional Science and Urban Economics and associate editor of the Journal of Urban Economics. His publications have appeared in leading journals such as Econometrica, Review of Economic Studies, the Journal of Economic Theory, International Economic Review, the Journal of Labor Economics, and the Journal of Public Economics.

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