An Equilibrium Model of Sectoral Reallocation
Journal of Political Economy
1987
This paper constructs a two-period, two-sector model in which there are permanent sectoral shocks. It analyzes the equilibrium path of individual labor supply, sectoral em ployment, and duration of unemployment in response to these shocks. E quilibrium allocations are shown to be easy to characterize and compa rative statistics results are provided. Copyright 1987 by University of Chicago Press.
- DOI
- 10.1086/261488
- Volume
- 95 (4)
- Pages
- 824-834
- Language
- en
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