Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222450 
Year of Publication: 
2020
Series/Report no.: 
GLO Discussion Paper No. 614
Publisher: 
Global Labor Organization (GLO), Essen
Abstract: 
To combat COVID-19 the entire world has resorted to global lockdown implying restriction on international labor migration and trade. This paper aims to check the effect of such restrictions on the unemployment of unskilled labor in the source country. In competitive general equilibrium framework with three goods and four factors restriction on migration raises unemployment for given factor intensity. The results remain same even in a slightly different structure of the economy. In case of trade restriction, however, the rise or fall in unemployment depends on both the structure of the economy and the factor intensity assumption.
Subjects: 
General Equilibrium
COVID-19
Migration
Trade
Unemployment
JEL: 
D5
F22
F12
J6
Document Type: 
Working Paper

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