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| Author: | Albrecht, J. Navarro, L. Vroman, S. |
| Title: | The effects of labour market policies in an economy with an informal sector |
| Journal: | Economic Journal
2009 : JUL, VOL. 119:539 p. 1105-1129 |
| Index terms: | Latin America workers output employment PAY |
| Language: | eng |
| Abstract: | In this paper, an equilibrium is searched and matching model of an economy with an informal sector presented. The model extends Mortensen and Pissarides (1994) by taking account of ex ante worker heterogeneity with respect to formal-sector productivity. The model is used to analyze the impact of labor market policy on informal-sector and formal-sector output, on the division of the workforce into unemployment, informal-sector employment and formal-sector employment, and on wages. Finally, the distributional implications of labor market policy is explored. |
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