This paper presents a model in which a partially anticipated technology shock results, in the short run, in lower investment and higher unemployment. Because of the expectation of future lower proÞts, the market value of existing Þrms –and the wages they pay– decreases before the new (better) technology becomes available. When the new technology arrives, the market value of new Þrms rises, aver...

Considerable research attention has focused on the labor market impacts of immigration, the operation and competitiveness of the European Union (EU) labor market, and the expenditures and advantages of labor circulation for sending and receiving economies. The aim of the present study is to examine and evaluate the negative social consequences arising from the mobility of workers, the social an...

Although there is an extensive literature on the determinants of child labor and many initiatives aimed at combating it, there is limited evidence of the consequences of child labor on socio-economic outcomes such as education, wages, and health. We evaluate the causal effect of child labor participation on these outcomes using panel data from Vietnam and an instrumental variables strategy. Fiv...

This paper reviews economic studies on rural-urban migration issues in China. The review focuses on three issues: firstly, the explanations for the rural to urban migration, secondly, the interaction between migration and labor market evolution, with special attention to labor market segregation, labor market flexibility and wage differentials, and lastly suggestions for further research topics.

The phenomenon of the shortage of rural workers is a response of labor market to rapid export growth and economic growth after China became a WTO member. It not only indicates a transition of China’s rural surplus labor forces from unlimited supply to limited surplus, but also highlights the urgent need for an integrated national labor market to solve the structural issue of segregated local la...

The paper integrates marriage matching with the collective model of spousal labor supplies with full risk sharing. It derives observable implications of how marriage market conditions a¤ect spousal labor supplies. In addition to sex ratio which is an indirect measure, it provides a direct measure of changes in marriage market conditions. The framework also clari…es the identifying assumptions n...