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Labor earnings in one-company towns : theory and evidence from Kazakhstan (English)

One-company towns, characterized by the presence of a large employer in a local labor market, are a frequent legacy of state-led development strategies. How will downsizing or closing unprofitable state-owned enterprises affect these towns? This article develops a simple model combining monopsony power in the labor market with a Keynesian closure of the product market and uses it to interpret the findings of previous studies. The article evaluates...
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Rama,Martin G.; Scott, Kinnon.

Labor earnings in one-company towns : theory and evidence from Kazakhstan (English). Washington DC ; World Bank. http://documents.worldbank.org/curated/en/623481468089959754

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