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- W2016084119 abstract "This paper deals with an alternative version of a model with open unemployment and surplus labor. When agricultural workers are individual utility maximizers getting average product as wages, a manufacturing wage subsidy may reduce surplus labor while increasing open unemployment; a typical characteristic of lots of developing countries. This paper shows that no subsidy other than an optimum manufacturing wage subsidy can lead the economy toward full-employment." @default.
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- W2016084119 date "1995-10-01" @default.
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- W2016084119 title "Wage subsidy and full-employment in a dual economy with open unemployment and surplus labor" @default.
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- W2016084119 doi "https://doi.org/10.1016/0304-3878(95)00035-6" @default.
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