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The idea that there is a spatial dimension to the poor labor market outcomes of urban black residents has been understood for approximately thirty years. It was first put forth in the economic literature by Kain (1968) and has generated a consistent stream of discussion. Recently, in light of...
Persistent link: https://www.econbiz.de/10009477932
This paper adds a land market to a standard Harris-Todaro framework. In the standard model, the equilibrating force that limits rural-urban migration is a decline in the probability of formal employment, which follows from enlargement of the informal sector. The key insight of the present paper,...
Persistent link: https://www.econbiz.de/10009458574