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Both raw intuition and past experience suggest that the success of an employment guarantee scheme (EGS) in safeguarding the welfare of the poor depends both on the wage it promises, and the ease with which any worker can gain access. An EGS is thus at once a wage guarantee and a rationing...
Persistent link: https://www.econbiz.de/10003539358
The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are … cases where wages monotonically improve or worsen as well as those where wages exhibit an inverted U-shaped relationship in … response to parametric reductions in the cost of offshoring. We identify qualitative conditions under which wages and welfare …
Persistent link: https://www.econbiz.de/10011480815