Unemployment Persistence and Capital Shortage : The Case of Trinidad and Tobago

The Case of Trinidad and Tobago

Unemployment Persistence and Capital Shortage : The Case of Trinidad and Tobago
This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with endogenous labor supply and imperfect competition is presented. It is used to interpret the unusual persistence of unemployment in Trinidad and Tobago during the last twenty years. Although real wages are 60 percent lower today... READ MORE...

Publication date: June 1997
ISBN 9781451956719
$15.00

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