演講者簡介 : Professor Tabuchi received his Ph.D. in Urban Planning from Harvard University in 1983. He is currently a Professor at the University of Tokyo. His research field is Urban Economics.
演講摘要 : It is assumed in new trade theory and new economic geography that the supply of labor is fixed, which is not true in real labor markets. We develop a model of new trade theory by incorporating an elastic labor supply and analyze the impacts of technological progress on the equilibrium outcomes of working hours and economic welfare. We first show that the labor supply curve is backward bending. We then show that working hours in developed countries are longer in the first stages of development, but shorter in the second stages of development.
