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Suppose that in the formal (urban) work sector, the unemployment rate is 20%, and the wage is $10/hour. In the informal (rural) work sector, there
Suppose that in the formal (urban) work sector, the unemployment rate is 20%, and the wage is $10/hour. In the informal (rural) work sector, there is no unemployment but the wage is $7/hour. What is expected wage in the formal, urban sector? What is expected wage in theSuppose that in the formal (urban) work sector, the unemployment rate is 20%, and the wage is $10/hour. In the informal (rural) work sector, there is no unemployment but the wage is $7/hour. What is expected wage in the formal, urban sector? What is expected wage in the informal, rural sector? informal, rural sector
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