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...
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| Format: | Tidsskrift |
| Sprog: | English |
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Washington, D.C. :
International Monetary Fund,
1993.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1993/079 |
| Online adgang: | Full text available on IMF |