Wage indexation, migration, and unemployment
This article sets up a two-goods model with wage indexation and migrants. A dual labor market is introduced where the domestic workers receive an indexed wage while migrants receive a market-determined wage. The traded sector may be assumed to be unionized while the non-traded goods sector is non-un...
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| Veröffentlicht in: | International review of economics & finance 2000, Vol.9 (3), p.257-265 |
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| container_title | International review of economics & finance |
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| creator | Hazari, Bharat R. Sgro, Pasquale M. |
| description | This article sets up a two-goods model with wage indexation and migrants. A dual labor market is introduced where the domestic workers receive an indexed wage while migrants receive a market-determined wage. The traded sector may be assumed to be unionized while the non-traded goods sector is non-unionized giving rise to flexible wages. This provides an example of segmentation and wage indexation. The wage indexation creates unemployment in the traded sector and the segmentation allows this unemployment to persist. The main results obtained are: sector-specific migration of labor may raise domestic welfare, while with capital accumulation such migration necessarily raises the relative price of the non-traded goods, leading to structural adjustment. |
| doi_str_mv | 10.1016/S1059-0560(99)00054-4 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1059-0560 |
| ispartof | International review of economics & finance, 2000, Vol.9 (3), p.257-265 |
| issn | 1059-0560 1873-8036 |
| language | eng |
| recordid | cdi_proquest_journals_199874820 |
| source | RePEc; EBSCOhost Business Source Complete; ScienceDirect Journals (5 years ago - present) |
| subjects | Indexation Labor market Mathematical models Migrant workers Migration Structural adjustment Studies Unemployment Wage indexation Wages & salaries |
| title | Wage indexation, migration, and unemployment |
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