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The paper develops a simple three-sector model of a developing country with nominal wage rigidity, in which one sector is thought of as the primary sector and the other two are sectors in which the country can diversify. The paper then analyzes the relationship between the market structure of...
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to household well-being, prices, employment, and wages. All studies can be classified as ex post quasi … nonsignificant, and 6 to 20 percent show a decrease in household well-being. The analyses on employment and wages show positive and … significant results for 22 to 25 percent of the results. Negative results on employment and wages relate to young and informal …
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methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …
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-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K … combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …
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