Labor Market Distortions and Structural Adjustments in Developing Countries
Alejandra Cox Edwards
The purpose of this paper is to provide a typology of different
labor market configurations and investigate how two major
structural adjustment policies, namely a trade liberalization
reform and the relaxation of capital controls, affect the level of
aggregate employment and the rate of unemployment. We consider a
number of models starting from the traditional Australian approach.
We then analyze a multiple sectors intertemporal setting and a
model with uncertainty and search. We identify situations under
which structural adjustment results in unemployment.
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