Fair wages, urban unemployment and welfare in a developing economy
Publication in refereed journal


香港中文大学研究人员 ( 现职)

赵志鉅教授 (经济学系)

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摘要This paper studies the impact of pay fairness on factor income and social welfare in a developing economy with both modern urban and traditional rural sectors. When urban workers become aware of income fairness, they use the expected urban wage and weighted average returns to capitalists as their reference pay. This perception of fairness raises the urban wage and enlarges the wage gap between the urban and rural sectors. The ensuing above marketclearing wage rate causes urban unemployment. Greater wage fairness worsens urban unemployment and lowers social welfare in the economy.

着者Beladi H., Chao C.-C., Hollas D.
期刊名称Economics Bulletin
出版年份20http://aims.cuhk.edu.hk/converis/portal/Publication/1http://aims.cuhk.edu.hk/converis/portal/Publication/1
月份3
日期http://aims.cuhk.edu.hk/converis/portal/Publication/1http://aims.cuhk.edu.hk/converis/portal/Publication/1
卷号3http://aims.cuhk.edu.hk/converis/portal/Publication/1
期次http://aims.cuhk.edu.hk/converis/portal/Publication/1
出版社Economics Bulletin
出版地United States
页次273 - 285
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/1545-292http://aims.cuhk.edu.hk/converis/portal/Publication/1
语言英式英语