This work studies the significance of the social costs generated by the dynamic inconsistency of the decisions taken by the politicians in Puerto Rico. The dynamic inconsistency problem arises when the government makes sequential decisions that compromise its future actions. The same one affects...

Japan experienced a boom-and-bust cycle in the real estate and stock markets almost 20 years earlier than Europe. Since the bursting of the Japanese bubble economy, the country has fallen into a deep recession and has experimented with crisis therapies in the form of unconventional monetary...

Purpose – This paper aims to identify the economic challenges that nations and the international community must grapple with. It also clarifies certain factors that could ease the occurrence of global economic problems. Design/methodology/approach – The paper briefly discusses problems that...

This paper analyzes the job creation, job destruction and job turnover in the Brazilian private sector between 1997 and 2012 as proposed by Davis and Haltiwanger (1992), with particular attention to fluctuations after the 2008 financial crisis. This crisis is considered an adverse shock in the...

The positive dynamics of the national economy in relation to the generation of jobs formal has been an issue that has generated a great deal of interest in Brazilian society and, consequently, has gained much space in more different vehicles of communication, in the course of the last decade....

Informal employment accounts for more than half of total employment in Latin America and the Caribbean, and an even higher percentage in Africa and South Asia. It is associated with lack of social insurance, low tax collection, and low productivity jobs. Lowering payroll taxes is a potential...

This paper establishes a new fact about immigration policies: legalization has long-term effects on formal employment of undocumented immigrants and their assimilation. We exploit the broad amnesty enacted in Italy in 2002 together with rich survey data collected in 2011 on a representative...

This paper studies the extent to which increases in bank credit supply available for small and medium firms can foster formal employment in Mexico. We use a detailed dataset containing loan-level information for all loans extended by commercial banks to private firms in Mexico during the...

It is clear that in the transition out of the COVID-19 crisis in Colombia there will be great need for formal job creation. One source that has been widely discussed in policy circles is strengthening linkages of Colombian firms with Global Value Chains (GVCs). Another source that has received...

The text contributes to the discussion of the National Culture Plan's Goal, which proposes to increase formal employment in the cultural sector, supported by Rais. The cultural labor market is approached from the PNAD Continuous, because it includes informality, a dynamic not covered by Rais. It...