Finance:Todaro paradox
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Short description: Concept in economics
The Todaro paradox refers to a concept in economics where an increase in the number of urban jobs leads to an increase, rather than a decrease, in the absolute number of unemployed people.[1] The paradox was first discussed by Michael Todaro in 1976 when he identified it as a consequence of the Harris–Todaro model.[2][3][4]
References
- ↑ Zenou, Yves (November 2005). The Todaro paradox revisited (PDF). IZA Discussion Papers No. 1861 (Technical report). Bonn: Institute for the Study of Labor (IZO). hdl:10419/33296.
- ↑ Yilmaz, Ekrem; Sensoy, Fatma (2023). "Reassessment of the Todaro Paradox: An Extended Panel Data Analysis on Developing Countries". Economic and Social Changes: Facts, Trends, Forecast 16 (2). doi:10.15838/esc.2023.2.86.11.
- ↑ Takagi, Yasuoki (1984). "The migration function and the Todaro paradox". Regional Science and Urban Economics 14 (2): 219–230. doi:10.1016/0166-0462(84)90024-3.
- ↑ Todaro, Michael P. (1976). "Urban job expansion, induced migration and rising unemployment". Journal of Development Economics 3 (3): 211–225. doi:10.1016/0304-3878(76)90049-3.
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