Bosch, Mariano; Maloney, William - London School of Economics (LSE) - 2006
This paper applies recent advances in the study of labor market dynamics to a representative developing country with a … large unregulated of “informal” sector, Mexico. It finds, first, that the formal salaried sector shows the same procyclical … US and not to the traditional idea of informality constituting the inferior sector of a segmented market. That said, the …