Unemployment in an Interdependent World



Country 1, Real wages

50-

45-

40-

35-

30-

25-

0.<

15

0

30

45

τ (%)

0.8   60

b1


Country 2, Real wages

50-,

45-

40-

35-

30

0.4

0

15

30

0.8   60

45

b1

τ (%)


Figure A6: Country 1 labor market regulation and real wages in countries 1 and 2 (=3),
when ν = 1 and firms are homogeneous. This corresponds to a Krugman (1980) economy.
[Real wages on the vertical axis.]

Country 1, Real wages

85-

80-

75-

70-

65-

60-

0.<

15

0

30

45

τ (%)

0.8   60

b1


Country 2, Real wages

85-.

80-

75-

70-

65

60

0.4

0

15

45

0.8   60

τ (%)

b1

30


Figure A7: Country 1 labor market regulation and real wages in countries 1 and 2 (=3),
when ν = 0 and firms are homogeneous. [Real wages on the vertical axis.]

56



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