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Aggregate Demand Externalities and Labor Supply Decisions: Worker Discouragement and Market Inefficiency
Aggregate Demand Externalities Labor Supply Decisions
2015/9/21
When monopolistic firnls price using markups over worker productivity, low productivity workers may not enter the labor
market because the wage may be too low. In the presence of aggregate demand spi...
Externalities Associated with Nominal Price and Wage Rigidities
Nominal Price Wage Rigidities
2015/8/4
Externalities Associated with Nominal Price and Wage Rigidities.
Human Capital Externalities and Rural-Urban Migration: Evidence from Rural China
Rural-urban migration Human capital externalities Rural development
2015/1/22
This study examines the determinants of rural-urban migration paying special attention to the role of human capital externalities in the rural sector. Using data from a well-known household survey in ...