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Emigration has accelerated since 2007 in Hungary. The short history of the new phenomenon called intense political and social reactions. The paper focuses on a particular segment of emigration: on labour emigration of those employed persons who are still connected to the home country and...
Persistent link: https://www.econbiz.de/10011557297
In the conventional textbook demand-supply model of competitive labour markets, introduction of a minimum wage above … market ; disequilibrium-induced alterations in demand and supply ; wage rigidity … the market-clearing level must reduce employment. Empirical findings suggest, however, that this might not always be the …
Persistent link: https://www.econbiz.de/10003919807
Emigration has accelerated since 2007 in Hungary. The short history of the new phenomenon called intense political and social reactions. The paper focuses on a particular segment of emigration: on labour emigration of those employed persons who are still connected to the home country and...
Persistent link: https://www.econbiz.de/10010507761
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We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady state level of income per capita. The impact of...
Persistent link: https://www.econbiz.de/10005668472