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....
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| Format: | Tidsskrift |
| Sprog: | English |
| Udgivet: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Serier: | IMF Working Papers; Working Paper ;
No. 1997/077 |
| Online adgang: | Full text available on IMF |