As the outcome of the third international conference of political economy, the papers in this volume cover a range of topics, related to the conference theme of "labor markets and employment", from globalization to migration, unionization to policy implementation, and women's labor to child...

Studies have suggested that there exists job search and recruiting friction in urban areas. This paper constructs a two-sector (rural and urban) model involving this factor and investigates how it affects migration and what the optimal policies should be. An analysis shows that frictional urban...