This paper investigates the role of risk-aversion in the allocation of workers between formal and informal jobs in Ghana. In the model I propose, risk-averse workers can opt between the free-entry informal sector and queuing for formal occupations. Conditional on identifying the riskier option,...

This paper investigates the role of risk-aversion in the allocation of workers between formal and informal jobs in Ghana.  In the model I propose risk-averse workers can opt between the free-entry informal sector and queuing for formal occupations.  Conditional on identifying the riskier...

This paper discusses a set of statistics for examining and comparing labor market dynamics based on the estimation of continuous time Markov transition processes. It then uses these to establish stylized facts about dynamic patterns of movement using panel data from Argentina, Brazil and Mexico....

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...