Ashton, Paul; Minford, Patrick; Peel, Michael - C.E.P.R. Discussion Papers - 1987
and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these …The paper uses a general equilibrium model of regional labor markets, in which national and local factors interact to … determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment …