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This paper analyzes the cyclical properties of worker flows in Brazil and Mexico, two important developing countries with large unregulated or "informal" sectors. It generates three stylized facts that are critical to the accurate modeling of the sector and which suggest the need to rethink the...
Persistent link: https://www.econbiz.de/10005859639
and not to the traditional idea of informality constituting the inferior sector of a segmented market. That said, the … counter cyclical job finding in the formal sector combined with the acyclical job finding in informality does lead to the …
Persistent link: https://www.econbiz.de/10013316968
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual characteristics. The starting points of the literature are...
Persistent link: https://www.econbiz.de/10013319635
This paper surveys the existing empirical research that uses search theory to empirically analyze labor supply questions in a structural framework, using data on individual labor market transitions and durations, wages, and individual characteristics. The starting points of the literature are...
Persistent link: https://www.econbiz.de/10010273738
In an equilibrium model of the labor market, workers and firms enter intodynamic contracts that can potentially last forever, but are subject to optimalterminations. Upon termination, the firm hires a new worker, and the workerwho is terminated receives a termination contract from the firm and...
Persistent link: https://www.econbiz.de/10009360882
Informality has long been a salient phenomenon in developing country labor markets, thushas been addressed in several …, heterogeneous andmultifaceted informal labor market. However, the existing evidence on labor informality inTurkey is mixed and scant … tocontribute to the limited body of stylized facts available on mobility and informality in theTurkish labor market. Next, we …
Persistent link: https://www.econbiz.de/10009486881
large worker turnover and rising informality. Weinvestigate whether the burden of informality falls disproportionately on … of the workers in involuntary informalemployment. Those who quit, in turn, experience voluntary informality for the most …
Persistent link: https://www.econbiz.de/10009486984
This paper studies the impact of product and labor market regulations on informality andunemployment in a general … regulations leadto a simultaneous reduction in informality and unemployment. The difference between thesetwo policy options lies …
Persistent link: https://www.econbiz.de/10009360540
This paper discusses a set of statistics for examining and comparing labor market dynamicsbased on the estimation of continuous time Markov transition processes. It then uses these toestablish stylized facts about dynamic patterns of movement using panel data fromArgentina, Brazil and Mexico...
Persistent link: https://www.econbiz.de/10005861865
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10013319881