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raise to informality. …
Persistent link: https://www.econbiz.de/10011973074
In this paper we present a life-cycle model with human capital investment during working life through training and provide a novel empirical test of human capital theory. Using a sizable pension reform which shifts the retirement age between two adjacent cohorts by three years, we document...
Persistent link: https://www.econbiz.de/10012139004
This paper presents a life-cycle model with human capital investment during working life through training and provides a novel empirical test of human capital theory. We exploit a sizable pension reform across adjacent cohorts in a regression discontinuity setting and find that an increase in...
Persistent link: https://www.econbiz.de/10012157379
the level of informality. We propose a firm dynamics model where firms face capital market imperfections and costs of …
Persistent link: https://www.econbiz.de/10013056102
the level of informality. We propose a firm dynamics model where firms face capital market imperfections and costs of …
Persistent link: https://www.econbiz.de/10011051923
This study examines the incidence of vertical mismatch among formal and informal workers in Thailand. Using the 2011, 2013, and 2015 Thailand Household Socio-economic Surveys, the study analyzes the relationship between vertical mismatch and wage penalties and premiums across four types of...
Persistent link: https://www.econbiz.de/10013328169
This article examines the intertwining relationship between informality and education-occupation mismatch (EOM) and the … consequent impact on the workers' wages. In particular, we discuss two issues - first, the relative importance of informality and … analysis reveals that although both informality and EOM are significant determinants of wages, the former is more crucial for a …
Persistent link: https://www.econbiz.de/10014228209
Projected demographic changes in industrialized and developing countries vary in extent and timing but will reduce the share of the population in working age everywhere. Conventional wisdom suggests that this will increase capital intensity with falling rates of return to capital and increasing...
Persistent link: https://www.econbiz.de/10010467965
This paper analyzes the effects of an unfunded pension system on economic growth using an extended overlapping generations model to include the informal sector. Emerging countries usually have a more significant informal sector than advanced ones. The findings based on the Thai economy data...
Persistent link: https://www.econbiz.de/10014426328
This paper develops a model of sequential job search to understand the factors determining the effect of tax and enforcement policies on the size (i.e., employment share) of informal sector. The focus is on the role of informal sector as a stepping stone to formal jobs. I argue that the...
Persistent link: https://www.econbiz.de/10012217544