Morita, Tadashi; Ago, Takanori; Tabuchi, Takatoshi; … - 2015
real labor markets. We develop a model of new trade theory by incorporating an elastic labor supply and analyze the impacts … of technological progress on the equilibrium outcomes of working hours and economic welfare. We first show that the labor … supply curve is backward bending. We then show that working hours in developed countries are longer in the first stages of …