Wage sensitivity rankings and temporal convergence
|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)
|Language:||en||Status of Item:||Not peer reviewed|
|Appears in Collections:||Economics Working Papers & Policy Papers|
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