Beladi, Hamid; Chao, Chi-Chur - In: Research in Economics 64 (2010) 4, pp. 224-228
This paper focuses on the cost cutting effects of firm downsizing in a developing economy. Using a dualistic production structure to depict a developing economy, the impacts of downsizing on wage inequality and social welfare are examined. Downsizing is revealed to not only narrow the wage gap...