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This paper is the first attempt to directly explore the long-run nonlinearity of the shadow economy. Using a dataset of 158 countries over the period from 1996 to 2015, our results reveal a robust U-shaped relationship between the shadow economy size and GDP per capita. Our results imply that...
Persistent link: https://www.econbiz.de/10012868795
This survey presents the various methods to estimate the size of the shadow economy, their strengths and weaknesses and the estimation results. The purpose of the survey is threefold. Firstly, it demonstrates that no ideal method to estimate the size and development of the shadow economy exists....
Persistent link: https://www.econbiz.de/10013051445
informal- and formal-sector output, on the division of the workforce into unemployment, informal-sector employment and formal …
Persistent link: https://www.econbiz.de/10012780021
This paper proposes an equilibrium matching model for developing countries' labor markets where the interaction between public, formal private and informal private sectors are taken into account. Theoretical analysis shows that gains from reforms aiming at liberalizing formal labor markets can...
Persistent link: https://www.econbiz.de/10012947125
-cognitive skills have a predictive power on unemployment transitions …
Persistent link: https://www.econbiz.de/10013104665
incentives due to higher net earnings. Additional earnings during unemployment might lead to higher reservation wages prolonging … the duration of unemployment, yet also giving unemployed individuals more time to search for better and more stable jobs … evaluate the impact of marginal employment on unemployment duration and subsequent job quality, we consider a sample of fresh …
Persistent link: https://www.econbiz.de/10013107201
analyze the unemployment dynamics of job seekers with and without marginal employment, we consider an inflow sample into … unemployment and estimate multivariate duration models. While we do not find any significant impact on the job finding probability … probability of marginal employment at the beginning of the unemployment spell and an increased job finding probability for the …
Persistent link: https://www.econbiz.de/10012983898
that households with a participating wife are better able to deal with unemployment of the husband. A supplementary … sensitive to his own unemployment income if the wife is nonparticipating. This implies that unemployment benefits have a …
Persistent link: https://www.econbiz.de/10014087538
abolished the dependence of unemployment insurance benefits on the elapsed unemployment duration and simultaneously introduced … unemployment duration is positive and significant. Neglecting selectivity leads to an underestimation of the effects in absolute …
Persistent link: https://www.econbiz.de/10012997421
We study the impact of loan regulation in rural India on child labor with an overlapping-generations model of formal and informal lending, human capital accumulation, adverse selection, and differentiated risk types. Specifically, we build a model economy that replicates the current outcome with...
Persistent link: https://www.econbiz.de/10013065087