Labor Earnings in One-Company Towns : Theory and Evidence from Kazakhstan

@inproceedings{Scott1999LaborEI,
  title={Labor Earnings in One-Company Towns : Theory and Evidence from Kazakhstan},
  author={Kinnon Scott},
  year={1999}
}
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 the impact of the company’s employment level on… CONTINUE READING

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