Macroeconomic Adjustment with Segmented Labor Markets

Macroeconomic Adjustment with Segmented Labor Markets
This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations and minimum wage laws. The basic model is then... READ MORE...

Publication date: May 1994
ISBN 9781451968248
$15.00

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