| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP5420 |
| DP5420 Demand-Based Option Pricing | |
| Lasse Heje Pedersen; Nicolae Bogdan Garleanu | |
| 发表日期 | 2005-12-16 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | The Todaro Paradox states that policies aimed at reducing urban unemployment are bound to backfire: they will raise rather than reduce urban unemployment. The aim of this paper is to re-examine this paradox in the context of efficiency wage and search-matching models. For that, we study a policy that consists in decreasing the urban unemployment benefit. In an efficiency wage model, we find that there is no Todaro paradox while this is not always true in a search-matching model since a decrease in the urban unemployment benefit can increase both urban employment and unemployment. |
| 主题 | Labour Economics |
| 关键词 | Efficiency wages Search-matching Rural-urban migration Policy |
| URL | https://cepr.org/publications/dp5420 |
| 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/534274 |
| 推荐引用方式 GB/T 7714 | Lasse Heje Pedersen,Nicolae Bogdan Garleanu. DP5420 Demand-Based Option Pricing. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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