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Wikipedia

Todaro paradox

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. The paradox was first discussed by Michael Todaro in 1976 when he identified it as a consequence of the Harris–Todaro model.

References

Tags

  • Economics and finance stubs
  • Employment
  • Paradoxes in economics