Outside Options, Coercion, and Wages: Removing the Sugar Coating
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In economies with a large informal sector firms can increase profits by reducing workers outside options in that informal sector. We formalize this idea in a simple model of an agricultural economy with plantation owners who lobby the government to enact coercive policiese.g. the eviction and
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美国国家经济研究局创建时间：
2015-02-01
