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The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion...
Persistent link: https://www.econbiz.de/10014396414
Persistent link: https://www.econbiz.de/10001232385
The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion...
Persistent link: https://www.econbiz.de/10012781653
Persistent link: https://www.econbiz.de/10013425272