Wage sensitivity rankings and temporal convergence

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Title: Wage sensitivity rankings and temporal convergence
Authors: Jones, Ronald W.
Neary, J. Peter
Permanent link: http://hdl.handle.net/10197/1449
Date: 1988
Abstract: This paper examines the two-sector general equilibrium model under a variety of labor-market distortions, including minimum wages and factor price differentials (both absolute and proportional). We introduce a new concept - the "wage sensitivity" ranking between sectors - and show that a necessary and sufficient condition for temporal convergence locally is that the physically labor-intensive sector be the wage-sensitive sector.
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Subject LCSH: Equilibrium (Economics)
Labor market
Wages
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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