Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101659
Authors: 
Albert, Max
Meckl, Jürgen
Year of Publication: 
1997
Series/Report no.: 
Diskussionsbeiträge: Serie II, Sonderforschungsbereich 178 "Internationalisierung der Wirtschaft", Universität Konstanz 348
Abstract: 
The paper incorporates the efficiency-wage theory into an otherwise standard trade model. The model accounts for sector-specific job rents and involuntary unemployment while preserving decisive properties of the competitive fullemployment approach. The key results from the literature can be derived from special cases; e.g., raising minimum wages can reduce unemployment. Additionally, we derive new, counterintuitive results: (a) Emigration can raise home employment, (b) Immigrants might not only find employment but also raise employment for non-immigrants, (c) Investment can reduce employment, (d) Raising unemployment benefits can reduce unemployment.
Document Type: 
Working Paper

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