Capital Mobility vs. Labor Mobility:Theory and Implications
A random search-based model is proposed to study the impact of the relative mobility of capital with respect to labor on income inequality and financial globalization for the first time. Our simulation results indicate that capital is less mobile than labor domestically. Our simulation results furt...
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| Format: | Article |
| Language: | English |
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EconJournals
2022-07-01
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| Series: | International Journal of Economics and Financial Issues |
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| Online Access: | https://econjournals.com/index.php/ijefi/article/view/13221 |