文章基本信息

标题：Fair wages, Urban Unemployment and Welfare in a Developing Economy
本地全文：下载
作者：Hamid Beladi ; Chi-chur Chao ; Daniel Hollas 等
期刊名称：Economics Bulletin
电子版ISSN：1545-2921
出版年度：2011
卷号：31
期号：1
页码：273-285
出版社：Economics Bulletin
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 market-clearing wage rate causes urban unemployment. Greater wage fairness worsens urban unemployment and lowers social welfare in the economy