Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20262| Title: | Labor Mobility, Trade and Social Capital |
| Keywords: | J61 F22 F16 Z13 ddc:330 social capital labor market integration trade Arbeitsmobilität Arbeitsmarkt Marktintegration Wirtschaftsintegration Social Capital Aussenwirtschaft Allgemeines Gleichgewicht Wohlfahrtseffekt Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | Labor market integration raises welfare in the absence of distortions. This paper examines labor and goods market integration in a general equilibrium model with social capital. The findings are: i) labor market integration has an ambiguous impact on welfare, and raises it if the goods produced and the labor skills are sufficiently different; ii) compared to Pareto optimum, labor mobility (social capital) is excessively large (depleted); iii) trade is superior to labor market integration if trading costs are no higher than private migration costs; otherwise the outcome is ambiguous; and iv) the creation of new institutions in response to labor market integration has an ambiguous impact on welfare. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20262 |
| Other Identifiers: | http://hdl.handle.net/10419/20262 ppn:379574772 |
| Appears in Collections: | EconStor |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.