McGregor, P.G. and Swales, J.K. and Yin, Y.P. (1995) Migration equilibria disequilibria and the natural rate of unemployment in a regional context. International Journal of Manpower, 16 (2). pp. 66-72. ISSN 0143-7720Full text not available in this repository. (Request a copy from the Strathclyde author)
In this article, we examine, in an explicitly system-wide context, the theory of regional equilibria in the presence of endogenous migration of the form specified in Layard et al. (1991) and Treyz et al. (1993), where net migration flows (relative to lagged labour force) are determined by real consumption wage and unemployment-rate differentials. Accordingly, we provide a theoretical analysis of the importance of both market-clearing and steady-state concepts of equilibrium for the regional labour market. In particular, we examine the impact of a stimulus to local demand, in the form of an injection of externally financed government expenditure. We focus on short- and 1ong-run comparative static equilibria and the adjustment paths which link them. Some issues are dealt with analytically, while others require simulation.
|Keywords:||conusmers, pay, unemployment, Economic Theory, Organizational Behavior and Human Resource Management, Strategy and Management, Management of Technology and Innovation|
|Subjects:||Social Sciences > Economic Theory|
|Department:||Strathclyde Business School > Economics|
|Depositing user:||Strathprints Administrator|
|Date Deposited:||29 Apr 2010 14:06|
|Last modified:||06 Jan 2017 07:20|