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Skills Distribution, Migration and Wage Differences in Pure Service Exchange Economy

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Figure

Figure 1: Expansion Path for Cobb-Douglas
Figure 2: Simulation - Agents move to better sector, Steady state after 10periods
Figure 3: Simulation - Agents move to better sector, Steady state not reachedin 20 periods
Figure 4: Increase in Welfare Gap with increase in Worker’s productivity

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