Concei‡ao, Pedro, Pedro Ferreira, and James K. Galbraith. 1999.
"Inequality and Unemployment in Europe: The American Cure." LBJ School
of Public Affairs, University of Texas at Austin, UTIP Working Paper
Number 11
<http://papers.ssrn.com/sol3/delivery.taf?8336&_UserReference=12B9CD649CD0FAF239FCDB1F>.
Regions with low average incomes are marked by the presence of large
numbers of relatively impoverished people in low productivity
occupations, and thus relatively high inequality across occupations,
industries, and sectors. Many such people seek any available exit from
their status. They seek alternatives, even if they recognize that the
chances a priori of finding a substantially better job are low. In other
words, so long as appealing alternatives to low-income employment exist,
even (indeed, especially) when they are not widely accessible, people
form up into the queues of the unemployed.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
