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Disguised, urban unemployment and welfare in a general equilibrium model with segmented labor markets

Version 2 2024-06-03, 08:54
Version 1 2017-05-10, 16:02
journal contribution
posted on 2024-06-03, 08:54 authored by BR Hazari, Pasquale SgroPasquale Sgro
ABSTRACT This paper integrates the theory of segmented labor markets with the Ranis‐Fei model of dualism to analyze two types of unemployment; disguised unemployment in the rural sector and urban unemployment. The major results obtained are (1) sector‐specific accumulation in the urban area may raise unemployment and lower welfare and (2) sector‐specific accumulation in the rural sector always raises welfare but increases disguised unemployment. These results highlight the importance of regional resource allocation and the role of the agricultural sector in reducing urban unemployment.

History

Journal

Journal of regional science

Volume

27

Pagination

461-475

Location

Chichester, Eng.

ISSN

0022-4146

eISSN

1467-9787

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal, C Journal article

Copyright notice

1987, Wiley

Issue

3

Publisher

Wiley

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