Merkl, Christian; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2008
that the worker stays in the respective job (as a trapped or primary worker) and
ε
MI
T
is the operating cost of the … workers goes down, there is a positive spillover effect on
the hiring and firing rates for trapped workers (see equations (14 … firms who
feared the entry of new firms sparked by the new migration flows. The upward wage pressure
was reinforced through …