Migration equilibrium with price rigidity: the Harris and Todaro model revisited |
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Authors: | Zylberberg A |
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Institution: | Groupe “Conjecture et analyse des déséquilibres,” U.A. 04.0926, Université de Paris I, 90, rue de Tolbiac, 75634, Paris Cedex 13, France |
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Abstract: | The author attempts to build a general equilibrium model with migration possibilities on the lines of the Harris-Todaro model in which all the agents have explicit maximizing behavior. "Assumptions on wage-price rigidities allow consideration of various supply-demand configurations. One of the most interesting results is that policy recommendations derived from the usual Harris-Todaro model are not valid when excess supply prevails." The focus is on the situation in developing countries. |
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