Oct. 25, 2014The Economist: The Geography of Joblessness
– Kain’s Spatial-Mismatch Hypothesis Re-Affirmed
In the OECD, a club mostly of rich countries, nearly 45m people are unemployed. Of these, 16m have been seeking work for over a year. Many put this apparently intractable scourge down to workers’ inadequate skills or overgenerous welfare states. But might geography also play a role? In a paper published in 1965, John Kain, an economist at Harvard University, proposed what came to be known as the “spatial-mismatch hypothesis”.