Fiess, Norbert M.; Fugazza, Marco; Maloney, William F. - Institute for the Study of Labor (IZA) - 2008
This paper examines the adjustment of developing country labor markets to macroeconomic shocks. It models as having two sectors: a formal salaried (tradable) sector that may or may not be affected by union or legislation induced wage rigidities, and an informal (nontradable) self-employment...
