Theoretical and Empirical Foundations

Paul Caruana Galizia

Chapter Chapter 2 in Mediterranean Labor Markets in the First Age of Globalization, 2015, pp 5-10 from Palgrave Macmillan

Abstract: Abstract As transport costs decline relative to income levels, information flows improve, and institutional blockages are cleared, labor mobility increases and so there is a tendency toward labor market integration.1 Consequently, previously segmented labor markets integrate within and between countries.

Keywords: Labor Market; Real Wage; Nominal Wage; Labor Market Integration; Segmented Labor Market (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-40084-0_2

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DOI: 10.1057/9781137400840_2

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