This paper discusses a set of statistics for examining and comparing labor market dynamicsbased on the estimation of continuous time Markov transition processes. It then uses these toestablish stylized facts about dynamic patterns of movement using panel data fromArgentina, Brazil and Mexico...

This paper applies recent advances in the study of labor market dynamics to a representativedeveloping country with a large unregulated of “informal” sector. It confirms the relevance ofthe recent mainstream models and debates surrounding gross worker flows to the developingcountry context,...

This paper analyzes the cyclical properties of worker flows in Brazil and Mexico, two important developing countries with large unregulated or "informal" sectors. It generates three stylized facts that are critical to the accurate modeling of the sector and which suggest the need to rethink the...