Note of search unemployment and wage differentials

dc.creator	Tobin, James
dc.date	2011-06-23T14:33:04Z
dc.date	2011-06-23T14:33:04Z
dc.date	1972-11
dc.date.accessioned	2012-11-20T15:28:07Z
dc.date.available	2012-11-20T15:28:07Z
dc.date.issued	20-11-12
dc.identifier	Tobin, James (1972) Note of search unemployment and wage differentials. Working Paper 71, Nairobi: Institute for Development Studies, University of Nairobi
dc.identifier	http://opendocs.ids.ac.uk/opendocs/handle/123456789/980
dc.identifier	322343
dc.identifier.uri	http://hdl.handle.net/11295/6491
dc.description	This note presents a formula for the equilibrium ratio of the number of urban job seekers to the number of formal sector jobs when a non-competitive wage differential is maintained between the wage in the formal sector and earnings elsewhere in the economy. The loss of national product due to the wage differential is also examined. The loss attributable to the misallocation of labor is accentuated by the incentive which a high urban wage gives for wasteful job-seeking.
dc.language	en
dc.publisher	Institute for Development Studies, University of Nairobi
dc.relation	Working papers.;71
dc.rights	http://creativecommons.org/licenses/by-nc-nd/3.0/
dc.rights	Institute for Development Studies, University of Nairobi
dc.subject	Work and Labour
dc.title	Note of search unemployment and wage differentials
dc.type	Series paper (non-IDS)