Ashton, Paul; Minford, Patrick; Peel, Michael - C.E.P.R. Discussion Papers - 1987
determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these … differentials rise, so too does the national unemployment rate (in declining regions unemployment is the major response, in growing …
