Workplaces in the Primary Economy and Wage Pressure in the Secondary Labor Market This paper develops a two-sector general equilibrium model in which firms in the primary economy have to create workplaces prior to production and product market competition. For this, we introduce the endogenous sunk cost approach with two-stage decisions of firms from IO in the macro-labor literature. By hypothe...

A segmented markets model of monetary policy is constructed, in which a novel feature is goods market segmentation, and its relationship to conventional asset market segmentation. The implications of the model for the response of prices, interest rates, consumption, labor supply, and output to monetary policy are determined. As well, optimal monetary policy is studied, as are the costs of infla...

A segmented markets model of monetary policy is constructed, in which a novel feature is goods market segmentation, and its relationship to conventional asset market segmentation. The implications of the model for the response of prices, interest rates, consumption, labor supply, and output to monetary policy are determined. As well, optimal monetary policy is studied, as are the costs of infla...

The transitional process in China is marked by prominent roles of state institutions, which are a key determinant of the opportunity and reward structure in the newly developing labor market. Migrant labor and the occupational and sectoral changes in the urban economy have further shaped the evolution of the labor market in Chinese cities. In this paper, I argue that labor-market returns are no...

in today's competitiveenvironment, customers are the most important asset to any company. therefore,in order to retain customers, it is essential to understandtheirbehaviour for developing effective strategies. one of the most commonmethods for customer analysis is market segmentation that helps companies todevelop marketing technique by dividing market into several smaller homogeneousgrou...

Women represent the majority of informal sector workers in developing countries, especially in Sub-Saharan Africa where adolescent pregnancy rates are high. Little empirical evidence exists concerning the relationship between teen fertility and the likelihood that a woman will be employed in the informal sector. Using a panel survey in Madagascar designed to capture the transition from adolesce...

Over the last two decades, the most prominent social and economic changes in the world have been observed in formerly socialist economies. The process, commonly understood as ‘transition’, has gendered consequences and differential implications for men and women. Though much of the research on transitional economies has overlooked the gender dimension, some recent studies on Russia and Central ...