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  • 1
    Electronic Resource
    Electronic Resource
    Dynamic equilibria with unemployment due to undernourishment (1993)
    Springer
    Economic theory 3 (1993), S. 61-85 
    Details
    ISSN: 1432-0479
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Summary We provide characterization and stability results for the stationary equilibria of a competitive infinite-horizon model that incorporates the nutritional requirements of physical labor. We find that for many aggregate land stocks, there is a large continuum of stationary equilibrium unemployment rates. Since unemployment can be seen to stem from inequality in the initial distribution of land ownership, we suggest that certain land reforms can reduce unemployment.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF01213692
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