@techreport{NBERw3346,
 title = "Labor Market Distortions and Structural Adjustments in Developing Countries",
 author = "Sebastian Edwards and Alejandra Cox Edwards",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "3346",
 year = "1990",
 month = "May",
 URL = "http://www.nber.org/papers/w3346",
 abstract = {The purpose of this paper is to provide a typology of different labor market configurations and investigate how two major structural adjustment policies, namely a trade liberalization reform and the relaxation of capital controls, affect the level of aggregate employment and the rate of unemployment. We consider a number of models starting from the traditional Australian approach. We then analyze a multiple sectors intertemporal setting and a model with uncertainty and search. We identify situations under which structural adjustment results in unemployment.},
}