Gatsios, Konstantine; Hatzipanayotou, Panos; Michael, Mike - C.E.P.R. Discussion Papers - 1996
wages and welfare. To this end, we construct a general equilibrium model of a labour-exporting (source) and a labour … welfare in both countries, even if commodity prices are constant. The analysis describes and explains the conditions under … migrating workers, the non-migrating workers, and the government seeking to maximize social welfare. …