2023-04-132023-04-13https://www.alexandria.unisg.ch/handle/20.500.14171/58716The project explores the conditions under which wage traps, a specific form of labour market failure that appears feasible near subsistence-level labour incomes, may occur and to what extent wage traps may contribute to insufficient development dynamics in poor countries and to a widening of the income distribution in developed economies. In a first step, a partial analysis of wage-trapped labour markets is attempted. In a second step, wage-trapped labour markets will be integrated into conventional and endogenous growth models, and the potential for this type of labour market failure to explain poverty traps will be explored.subsistence incomewage trappovertylabour supplyeconomic developmentgrowthchild laborminimum wagesincome patternseconomic growthfundamental research project