Abstract
This note sketches out the likely effects of a wage subsidy in a model of LDC which systematically incorporates an Informal sector. It is seen that the effects of a wage subsidy in this model differ considerably from those derived in the Harris-Todaro-type frameworks. Also the ranking policies to improve welfare is likely to be considerably different in this model compared to this in the Harris-Todaro-type models. © MCB University Press.
| Original language | English |
|---|---|
| Pages (from-to) | 124-128+83 |
| Journal | Journal of Economic Studies |
| Volume | 25 |
| Issue number | 2-3 |
| Publication status | Published - 1998 |
Keywords
- Economics
- Model
- Subsidies
- Wages