小国開放経済モデルにおける不熟練外国人労働者の流入抑制

概要

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This paper investigates the effects of minimum wages on the inflow of unskilled foreign workers in a small open economy. For this purpose, we assume that all workers are unskilled and they move between the domestic economy and the rest of the world due to differences in expected real-consumption wages (nominal wages divided by the consumer price index and multiplied by the employment probability). This paper shows that the policy authority can reduce the inflow of unskilled foreign workers by manipulating minimum wages, and that the effects of minimum wages on reducing the inflow are stronger in a small open economy than in a two-country economy. This paper also shows that minimum wages have stronger effects in reducing the inflow when unskilled foreign workers have smaller employment probabilities than in cases where unskilled foreign and domestic workers have the same employment probabilities.
2003-12-25