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fluctuations in unemployment and informality rates. We identify five stylized facts: (i) Nearly 40% of the fluctuations in the … unemployment rate involves unemployment ins and outs from/to informal jobs. (ii) More than 40% of the fluctuations in informality …-participation matters for the understanding of unemployment volatility but also for the comprehension of the volatility on informality. (iv …
Persistent link: https://www.econbiz.de/10012415847
The degree to which workers identify with their firms, and how hard they are willing to work for them, would seem to be key variables for the understanding of both firm productivity and individual labour-market outcomes. This paper uses repeated crosssection ISSP data from 1997 and 2005 to...
Persistent link: https://www.econbiz.de/10009770007
In this paper we present and analyze the IMF’s labor market recommendations for advanced economies since the beginning of the crisis, both in general and specifically in program countries. Our analysis is informed by our reading of the theoretical and empirical literature on the design of...
Persistent link: https://www.econbiz.de/10010242774
This paper reviews international experiences with the implementation of wage subsidies and develops a policy framework to guide their design in developing countries. The evidence suggests that, if the goal is only to create jobs, wage subsidies are unlikely to be an effective instrument. Wage...
Persistent link: https://www.econbiz.de/10010374580
The depth of the Great Recession, the slow recovery of job creation, the downward trend in labor force participation, high long-term unemployment, stagnant or declining wages for low-to-medium skill jobs owing to adverse labor demand shifts, and a greater rebound in low-wage than mid- or...
Persistent link: https://www.econbiz.de/10011446600
developing countries advance their development objectives, even where enforcement capacity is weak and informality is pervasive. …
Persistent link: https://www.econbiz.de/10011417394
informality amongst self-employed men and women. In addition, the paper examines the response of informality propensities to the …
Persistent link: https://www.econbiz.de/10011429984
We model an urban labour market in a developing economy, incorporating workers’ risk attitudes. Trade-offs between risk aversion and ability determine worker allocation across formal and informal wage employment, and voluntary and involuntary self employment. Greater risk of informal wage...
Persistent link: https://www.econbiz.de/10009725361
, few have noted that informality and wage inequality tend to move together. Using Mexico as a case study, I show that … provide supportive evidence that in Mexico higher wage dispersion is one of the channels through which informality negatively …
Persistent link: https://www.econbiz.de/10011480921
legalizing. Informality is often the doorstep of the legal system. …
Persistent link: https://www.econbiz.de/10011989235