, sector division, unemployment and welfare. …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …

-employment to analyze the implications of introducing universal unemployment protection for informal workers through transfers …, which are conditional on participation in training programs. We study how changes in unemployment benefits (UB) for … increasing training UB reduces unprotected unemployment and improves labor market outcomes through higher formal salaried …

firms are more cyclically sensitive to unemployment. Besides, the VAR impulse response analysis suggests that workers move …