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Exit Lucas, Reenter Keynes
Gani, Mohammad - EconWPA - 2004
Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972 …) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in … which money is necessary as a means of payment. Involuntary unemployment occurs under indirect exchange, just when the …
Persistent link: https://www.econbiz.de/10005561133
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Racial Discrimination in the Brazilian Labour Market: Wage, Employment and Segregation Effects
Jean-Louis, Arcand; d'Hombres, Béatrice - EconWPA - 2005
The social science literature has done much to document pervasive racial discrimination in Brazil and there is little doubt that a very dark color is a handicap to social advancement. Nevertheless, very few empirical economic studies have attempted to quantify the impact of ethnic discrimination...
Persistent link: https://www.econbiz.de/10005556747