supply, and a multisectoral CGE model which simulates the macroeconomic effects of a reform or a shock. The integration of … economy. At the individual level, we find that the macroeconomic shock reduces poverty and, to a lesser extent, income …

market with wage rigidities may not recover from such a temporary labor supply shock: with a younger and less experienced … even after the shock. In a competitive market, in contrast, wage inequality and notably, the wage return to experience … becomes higher but there is no persistence of the supply shock. Higher education prevents this intertemporal multiplication of …