The Republic of Korea has witnessed a sharp increase in non-regular employment such as fixed-term employment. Yet, the definition of non-regular employment, its size, and its causes remain controversial. Considering the heterogeneity of non-regular employment, this paper attempts to investigate...

This paper examines the effect of skill-biased technological change on the structure of wages, the composition of employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations and minimum wage legislation lead to labor market...

The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizing model of a small open economy. The analysis is first conducted in the context of perfect intersectoral labor mobility. The discussion...

This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency...

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market...

Korean Abstract: 본 연구에서는 우리나라 노동시장 이중구조의 실태와 원인과 관련한 기존 연구들을 살펴보고, 우리나라 노동시장의 이중구조 실태를 실증적으로 분 석하였다. 또한, 노동시장 이중구조 심화의 원인을 분석하고...

I study how the density of executive labor markets affects managerial incentives and thereby firm performance. I find that U.S. executive markets are locally segmented rather than nationally integrated, and that the density of a local market provides executives with non-compensation incentives....

Minimum wage compliance is studied by counting how many workers are paid below this floor. While useful, it is unable to identify the degree of underpayment. Recently, a family of violation indices has overcome this issue. I estimate these measures for Honduras, a dual labor market with multiple...

We document the presence of asymmetric business cycles in both regular and contract labour markets in India, investigate the role of nominal wage rigidities in accounting for these asymmetries, and study optimal inflation policy in such a milieu. Using data from Annual Survey of Industries, we...

In light of the huge cross-country differences in job losses during the recent crisis, we study how labor market duality - meaning the coexistence of "temporary" contracts with low firing costs and "permanent" contracts with high firing costs - affects labor market volatility. In a model of job...