Bhattacharya, Prabir C. - In: Journal of Economic Studies 25 (1998) May, pp. 124-128
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...