Poor countries have low rates of wage employment and high rates of self-employment. This paper shows that they also … have high rates of unemployment relative to wage employment, and that self-employment is particularly high where the … unemployment-wage employment ratio is high. I interpret high unemployment-employment ratios as evidence of labor market frictions …

Poor countries have low wage employment and high self-employment. This paper shows that they also have high … unemployment relative to wage employment, and that self-employment increases with this ratio. To understand the sources of these … matches, and calibrate it to match all transition rates between wage employment, unemployment and self-employment as well as …

Diese Studie analysiert den Zusammenhang von individueller Risikoeinstellung und Berufswahl anhand des Lohnrisikos …