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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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1993.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1993/079 |
| 在線閱讀: | Full text available on IMF |