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 job finding rate and mildly countercyclical...

This paper studies gross worker flows to explain the rising informality in Brazilian metropolitan labor markets from 1983-2002. This period covers two economic cycles, several stabilization plans, a farreachingtrade liberalization, and changes in labor legislation through the Constitutional...

Industrialization has been a major concern in the development process of many countries. For this purpose, the governments of developing countries have attempted to pursue different trade and financial regimes that encourage faster industrial growth. Recently many governments, notably in Latin...