Please use this identifier to cite or link to this item: http://hdl.handle.net/20.500.11861/6514
Title: The depressing effect of randomly migrating population on wage share
Authors: Prof. YEUNG Wing Kay, David 
Issue Date: 1993
Source: Journal of Economic Integration, Spring 1993, vol. 8(1), pp. 89-99.
Journal: Journal of Economic Integration 
Abstract: In this paper, a stochastic framework is developed to study the effects of randomly migrating population. The analysis borrows a number of intrinsic characteristics from the classic Goodwin model. While Goodwin formalizes his model as a Lotka Volterra system, the present study converges into a stochastic version of the Lotka-Volterra system. In particular, it is shown that randomly migrating population has a depressing effect on wage share. The employment ratio, on the other hand, exhibits the natural rate property.
Type: Peer Reviewed Journal Article
URI: http://hdl.handle.net/20.500.11861/6514
ISSN: 1225-651X
1976-5525
Appears in Collections:Economics and Finance - Publication

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