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| | Oxford Scholarship Online: Development Microeconomics |
 | | A subsequent model uses the fact of asymmetric information between employers and employees that leads to adverse selection to make the high manufacturing wage endogenous. |
 | | Keywords: adverse selection, asymmetric information, economic development, formal sector, Harris-Todaro model, immigrant network, industrialization, informal sector, job search, migration |
 | | Keywords: adverse selection, asymmetric information, economic development, formal sector, Harris–Todaro model, immigrant network, industrialization, informal sector, job search, migration |
| www.oxfordscholarship.com /oso/public/content/economicsfinance/0198773714/acprof-0198773714-chapter-5.html (8909 words) |
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