employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations … of skilled workers and reduce aggregate employment as well as the employment level of unskilled workers in that sector …. The net effect of the shock on the employment level of skilled workers is mitigated by the existence of efficiency factors …

employment and production of exportables expand in the medium run, the unemployment rate may rise or fall depending on whether …This paper examines the effect of trade reform on wages and unemployment in a two-sector, three-good economy in which …, lowers wages in all production sectors in the short and the medium run but has an ambiguous effect on unemployment. Although …

output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized vector autoregression analysis. Nominal …