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Pecuniary Mobility Costs in a Two-Sector Model
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hahn, Jinsoo | - |
dc.date.accessioned | 2009-01-21 | - |
dc.date.available | 2009-01-21 | - |
dc.date.issued | 1996-04 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.9 No.2, pp. 163-174 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1081 | - |
dc.description.abstract | This paper develops a dynamic model of the labor market with a union sector and a nonunion sector in which workers who switch sectors have to bear pecuniary mobility costs. With pecuniary costs of workers, there exists a range of equilibria. And the size of the equilibrium range positively depends on pecuniary costs. When a shock is small, workers do not migrate and the wage rate alone absorbs the effects of the shock. The model also shows that a favorable spot sector-specific shock can increase not only unemployment but wage rates and that the economy needs more time to fully accomplish the adjustment process in response to a shock due to pecuniary mobility costs. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | pecuniary cost | - |
dc.subject | two-sector model | - |
dc.title | Pecuniary Mobility Costs in a Two-Sector Model | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 한진수 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 174 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 163-174 | - |
dc.citation.startpage | 163 | - |
dc.citation.volume | 9 | - |
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