Equilibria with Unemployment in Segmented Labor Markets /

The paper proves four theorems in an n-sector model of a segmented labor market, with search costs, and a continuum of workers with different reservation wages, who can apply to any number of sectors. The main conclusions are that: (i) an equilibrium with unemployment always exists; and (ii) some of...

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Detalhes bibliográficos
Autor principal: Demekas, Dimitri
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1990.
Colecção:IMF Working Papers; Working Paper ; No. 1990/032
Acesso em linha:Full text available on IMF