Labor Market Segmentation in a Two-Sector Model of An Open Economy:
The paper examines formally the effects of labor market segmentation in a two-sector open economy model. The model demonstrates how the structure of the labor market affects the real exchange rate, defined as the relative price of traded and home goods, and is then used to examine the effects of two...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1990
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 90/33 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | The paper examines formally the effects of labor market segmentation in a two-sector open economy model. The model demonstrates how the structure of the labor market affects the real exchange rate, defined as the relative price of traded and home goods, and is then used to examine the effects of two common labor market policies: increasing the degree of primary market coverage, and implementing wage restraint in the primary market. It is shown that increasing the degree of primary market coverage increases unemployment and leads to a real appreciation. Real wage restraint in the primary market, on the other hand, reduces unemployment, and has ambiguous but probably small effects on the real exchange rate |
| Beschreibung: | 1 Online-Ressource (32 p) |
| ISBN: | 1451979134 9781451979138 |
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| index_date | 2024-07-03T20:13:17Z |
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| spelling | Demekas, Dimitri G. Verfasser aut Labor Market Segmentation in a Two-Sector Model of An Open Economy Demekas, Dimitri G Washington, D.C International Monetary Fund 1990 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 90/33 The paper examines formally the effects of labor market segmentation in a two-sector open economy model. The model demonstrates how the structure of the labor market affects the real exchange rate, defined as the relative price of traded and home goods, and is then used to examine the effects of two common labor market policies: increasing the degree of primary market coverage, and implementing wage restraint in the primary market. It is shown that increasing the degree of primary market coverage increases unemployment and leads to a real appreciation. Real wage restraint in the primary market, on the other hand, reduces unemployment, and has ambiguous but probably small effects on the real exchange rate Online-Ausg http://elibrary.imf.org/view/IMF001/04201-9781451979138/04201-9781451979138/04201-9781451979138.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Demekas, Dimitri G. Labor Market Segmentation in a Two-Sector Model of An Open Economy |
| title | Labor Market Segmentation in a Two-Sector Model of An Open Economy |
| title_auth | Labor Market Segmentation in a Two-Sector Model of An Open Economy |
| title_exact_search | Labor Market Segmentation in a Two-Sector Model of An Open Economy |
| title_exact_search_txtP | Labor Market Segmentation in a Two-Sector Model of An Open Economy |
| title_full | Labor Market Segmentation in a Two-Sector Model of An Open Economy Demekas, Dimitri G |
| title_fullStr | Labor Market Segmentation in a Two-Sector Model of An Open Economy Demekas, Dimitri G |
| title_full_unstemmed | Labor Market Segmentation in a Two-Sector Model of An Open Economy Demekas, Dimitri G |
| title_short | Labor Market Segmentation in a Two-Sector Model of An Open Economy |
| title_sort | labor market segmentation in a two sector model of an open economy |
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