Unemployment and social exclusion
نویسندگان
چکیده
منابع مشابه
Mass consumption , exclusion , and unemployment
We introduce non-homothetic preferences into a general equilibrium model of monopo-listic competition and explore the impact of income inequality on the medium-run macroeconomic equilibrium. We find that (i) a sufficiently high extent of inequality divides the economy into mass consumption sectors (where firms charge low prices and hire many workers) and exclusive sectors (where firms charge hi...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 2019
ISSN: 0167-2681
DOI: 10.1016/j.jebo.2019.06.006