G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1619
DP1619 Optimal Restructuring Under a Political Constraint: A General Equilibrium Approach
Vivek Dehejia
发表日期1997-04-30
出版年1997
语种英语
摘要This paper studies the effect of economic integration of two regions on the mobility of skilled and unskilled workers across regions and on the resulting location of industrial activity. In particular, it studies what happens when wages in both regions are set by the unions of the ?West? ? the region with a greater initial relative stock of human capital. We show that in some circumstances, it is in the interest of the West?s unions to set a speed of wage convergence greater than equilibrium, thereby generating unemployment in the ?East?. This slows the migration of human capital towards the East, but quickens the migration of raw labour towards the West. A greater share of economic activity is eventually located in the western region. Unions in the West will benefit from this, provided human capital has low migration costs relative to raw labour.
主题International Macroeconomics
关键词Centralized wage setting Human capital Migration Political economy Regional integration Unemployment Unions Wage formation
URLhttps://cepr.org/publications/dp1619
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530759
推荐引用方式
GB/T 7714
Vivek Dehejia. DP1619 Optimal Restructuring Under a Political Constraint: A General Equilibrium Approach. 1997.
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