This paper tests whether a wage curve—a negative relationship between unemployment and pay—existed in Santiago, Chile during 1957-1996. The analysis is divided into two periods corresponding to the distinct economic models in place in the country. For 1957-1973, during the period of...

This paper examines the relationship between unemployment and labor market flexibility. The latter is considered in the broadest sense - as it relates to labor markets at large (external flexibility) and to practices within firms (internal flexibility). The first part of the paper addresses the...

We investigate the agent-based modeling technique in a model of wealth distribution. In the first part we discuss this modern approach to economic modeling in the light of two major methodological approaches in the history of economic analysis, classical political economy and neo-classical...