Cyclicality of labor wedge and informal sector

被引：3
|
作者：
Atesagaoglu, Orhan Erem [1 ]
Elgin, Ceyhun [2 ]
机构：
[1] SUNY Stony Brook, Stony Brook, NY USA
[2] Bogazici Univ, TR-80815 Bebek, Turkey
来源：
ECONOMICS LETTERS | 2015年 / 136卷
关键词：
Labor wedge; Marginal rate of substitution; Marginal product of labor; Informal sector;
D O I：
10.1016/j.econlet.2015.09.024
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Empirical evidence suggests that the labor wedge, defined as the gap between the firm's marginal product of labor and the household's marginal rate of substitution, is quite volatile and countercyclical. This article argues that the presence of an 'informal sector' can provide a key for understanding the observed countercyclical behavior of the labor wedge. (C) 2015 Elsevier B.V. All rights reserved.
引用
收藏
页码：141 / 146
页数：6
相关论文
共 50 条
  • [1] The cyclicality of informal care
    Mommaerts, Corina
    Truskinovsky, Yulya
    [J]. JOURNAL OF HEALTH ECONOMICS, 2020, 71
  • [2] Labor market competitiveness and the size of the informal sector
    Hideaki Goto
    Yukichi Mano
    [J]. Journal of Population Economics, 2012, 25 : 495 - 509
  • [3] Labor market competitiveness and the size of the informal sector
    Goto, Hideaki
    Mano, Yukichi
    [J]. JOURNAL OF POPULATION ECONOMICS, 2012, 25 (02) : 495 - 509
  • [4] NAIROBIS INFORMAL SECTOR - DYNAMIC ENTREPRENEURS OR SURPLUS LABOR
    HOUSE, WJ
    [J]. ECONOMIC DEVELOPMENT AND CULTURAL CHANGE, 1984, 32 (02) : 277 - 302
  • [5] LABOR MARKET REFORM AND POVERTY - THE ROLE OF INFORMAL SECTOR
    Marjit, Sugata
    Kar, Saibal
    Maiti, Dibyendu Sundar
    [J]. NEW AND ENDURING THEMES IN DEVELOPMENT ECONOMICS, 2009, 5 : 229 - 240
  • [6] Regulation of entry, labor market institutions and the informal sector
    Ulyssea, Gabriel
    [J]. JOURNAL OF DEVELOPMENT ECONOMICS, 2010, 91 (01) : 87 - 99
  • [7] Cyclicality and the labor market for economists
    Gallet, CA
    List, JA
    Orazem, PF
    [J]. SOUTHERN ECONOMIC JOURNAL, 2005, 72 (02) : 284 - 304
  • [8] The cyclicality of the user cost of labor
    Kudlyak, Marianna
    [J]. JOURNAL OF MONETARY ECONOMICS, 2014, 68 : 53 - 67
  • [9] Labor earnings dynamics in a developing economy with a large informal sector
    Gomes, Diego B. P.
    Iachan, Felipe S.
    Santos, Cezar
    [J]. JOURNAL OF ECONOMIC DYNAMICS & CONTROL, 2020, 113
  • [10] WOMEN IN INFORMAL LABOR SECTOR - CASE OF MEXICO-CITY
    ARIZPE, L
    [J]. SIGNS, 1977, 3 (01): : 25 - 37
12345