Abstract
Abstract: This article discusses the principal labor market distortions and their effects on the social cost of jobs created in industrial projects. Two alternative approaches, a partial and a general equilibrium analysis, are put forth as ways to measure labor’s opportunity cost in a systematic fashion. The general equilibrium approach provides a more sophisticated analysis because it takes into account labor migration between regions and the multiplier effect of job-creation projects on the project region.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
