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

页码：141 / 146

页数：6

共 50 条

[41] FEMALE LABOR-FORCE PARTICIPATION IN DEVELOPING AND DEVELOPED-COUNTRIES - CONSIDERATION OF THE INFORMAL SECTOR
HILL, MA
[J]. REVIEW OF ECONOMICS AND STATISTICS, 1983, 65 (03) : 459 - 468
[42] The Nonprofit Sector and the Informal Sector: A Theoretical Perspective
Abzug R.
[J]. Voluntas: International Journal of Voluntary and Nonprofit Organizations, 1999, 10 (2) : 131 - 149
[43] Labor market regulation and the cyclicality of involuntary part-time work
Theresa Markefke
Rebekka Müller-Rehm
[J]. Journal for Labour Market Research, 58
[44] The labor wedge as a matching friction
Cheremukhin, Anton A.
Restrepo-Echavarria, Paulina
[J]. EUROPEAN ECONOMIC REVIEW, 2014, 68 : 71 - 92
[45] Debt Constraints and the Labor Wedge
Kehoe, Patrick
Midrigan, Virgiliu
Pastorino, Elena
[J]. AMERICAN ECONOMIC REVIEW, 2016, 106 (05): : 548 - 553
[46] Convergence in Macroeconomics: The Labor Wedge
Shimer, Robert
[J]. AMERICAN ECONOMIC JOURNAL-MACROECONOMICS, 2009, 1 (01) : 280 - 297
[47] Optimal Policies with an Informal Sector
Cuff, Katherine
Marceau, Nicolas
Mongrain, Steeve
Roberts, Joanne
[J]. JOURNAL OF PUBLIC ECONOMICS, 2011, 95 (11-12) : 1280 - 1291
[48] Zimbabwe's informal sector
Shinder, L
[J]. MONTHLY LABOR REVIEW, 1998, 121 (03) : 72 - 73
[49] The urban informal sector - Introduction
Wilson, TD
[J]. LATIN AMERICAN PERSPECTIVES, 1998, 25 (02) : 3 - 17
[50] PARTICIPATION AND THE INFORMAL SECTOR - INTRODUCTION
不详
[J]. HABITAT INTERNATIONAL, 1982, 6 (1-2) : 141 - 141

← 1 2 3 4 5 →