Bodart, Vincent; Dem, Jean Le - In: IMF Staff Papers 43 (1996) 2, pp. 419-451
This paper presents a quantitative macroeconomic model that accounts for key features of the labor market in developing countries. Primarily inspired by Côte d'Ivoire, the model contrasts a formal urban sector, where wages are rigidly fixed and employment is subject to firms' profit-seeking...