Efficiency Wages and Labor Mobility in an Open Economy

Efficiency Wages and Labor Mobility in an Open Economy
The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion is then extended to consider the existence of... READ MORE...

Publication date: October 1993
ISBN 9781451850161
$15.00

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