Holdings: Equilibria with Unemployment in Segmented Labor Markets

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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Main Author:	Demekas, Dimitri G. (Author)
Format:	Electronic eBook
Language:	English
Published:	Washington, D.C International Monetary Fund 1990
Series:	IMF Working Papers Working Paper No. 90/32
Online Access:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Summary:	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 the unemployment is involuntary, in the sense that it consists of workers with reservation wages below the equilibrium wage in the secondary market. These conclusions hold in the case of both separate and non-separate markets
Physical Description:	1 Online-Ressource (20 p)
ISBN:	1451979606 9781451979602

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spelling	Demekas, Dimitri G. Verfasser aut Equilibria with Unemployment in Segmented Labor Markets Demekas, Dimitri G Washington, D.C International Monetary Fund 1990 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 90/32 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 the unemployment is involuntary, in the sense that it consists of workers with reservation wages below the equilibrium wage in the secondary market. These conclusions hold in the case of both separate and non-separate markets Online-Ausg http://elibrary.imf.org/view/IMF001/02064-9781451979602/02064-9781451979602/02064-9781451979602.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Demekas, Dimitri G. Equilibria with Unemployment in Segmented Labor Markets
title	Equilibria with Unemployment in Segmented Labor Markets
title_auth	Equilibria with Unemployment in Segmented Labor Markets
title_exact_search	Equilibria with Unemployment in Segmented Labor Markets
title_exact_search_txtP	Equilibria with Unemployment in Segmented Labor Markets
title_full	Equilibria with Unemployment in Segmented Labor Markets Demekas, Dimitri G
title_fullStr	Equilibria with Unemployment in Segmented Labor Markets Demekas, Dimitri G
title_full_unstemmed	Equilibria with Unemployment in Segmented Labor Markets Demekas, Dimitri G
title_short	Equilibria with Unemployment in Segmented Labor Markets
title_sort	equilibria with unemployment in segmented labor markets
url	http://elibrary.imf.org/view/IMF001/02064-9781451979602/02064-9781451979602/02064-9781451979602.xml
work_keys_str_mv	AT demekasdimitrig equilibriawithunemploymentinsegmentedlabormarkets

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