상세검색
최근 검색어 전체 삭제
다국어입력
즐겨찾기0
145206.jpg
SCOPUS 학술저널

International Migration of Labor, Efficiency Wages, and Monetary Policies

International Migration of Labor, Efficiency Wages, and Monetary Policies

Assuming a symmetric two-country economy with labor migration and efficiency wages, we investigate which of the two regimes, non-cooperation or intergovernment cooperation, is advantageous. We show that not only the utility of the policy authority but also that of the workers is higher under inter-government cooperation than under non-cooperation, provided that migration flows are sufficiently sensitive to changes in real-consumption wage differentials. Our result is in contrast to the one derived by Agiomirgianakis (1998); according to him, in a two-country economy with labor migration and labor unions, only the policy authority can attain the higher utility under inter-government cooperation.

Ⅰ. Introduction

Ⅱ. The Model

Ⅲ. Non-Cooperation

Ⅳ. Inter-government Cooperation

Ⅴ. Comparison of the Two Regimes

Ⅵ. Conclusions

로딩중