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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1619 |
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 |
URL | https://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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