Migration and unemployment in an efficiency wage model of a small open economy

Michael Bleaney

Economics Bulletin, 2005, vol. 6, issue 21, 1-6

Abstract: International migration affects equilibrium unemployment in a small open economy characterised by efficiency wages. Immigration into employment reduces unemployment rates, and immigration into unemployment increases them. The effect of emigration depends on its impact on the aggregate job turnover rate.

Keywords: efficiency; wages (search for similar items in EconPapers)
JEL-codes: F2 J6 (search for similar items in EconPapers)
Date: 2005-11-09
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Citations: View citations in EconPapers (3)

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