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dc.contributor.authorFiess, Norbert M.en_US
dc.contributor.authorFugazza, Marcoen_US
dc.contributor.authorMaloney, William F.en_US
dc.date.accessioned2008-07-25en_US
dc.date.accessioned2010-07-07T11:33:30Z-
dc.date.available2010-07-07T11:33:30Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-20080605148en_US
dc.identifier.urihttp://hdl.handle.net/10419/35091-
dc.description.abstractThis paper examines the adjustment of developing country labor markets to macroeconomic shocks. It models as having two sectors: a formal salaried (tradable) sector that may or may not be affected by union or legislation induced wage rigidities, and an informal (nontradable) self-employment sector facing liquidity constraints to entry. This is embedded in a standard small economy macro model that permits the derivation of patterns of comovement among relative salaried/self-employed incomes, salaried/self-employed sector sizes and the real exchange rate with respect to different types of shocks in contexts with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to test for cointegrating relationships corresponding to the patterns predicted by theory. We confirm episodes of expansion of informal self-employment consistent with the traditional segmentation views. However, we also identify episodes consistent with the sectoral expansion being driven by relative demand or productivity shocks to the nontradables sector that lead to procyclical” behavior of the informal self-employed sector.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3519en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordInformalityen_US
dc.subject.keywordlabor market dynamicsen_US
dc.subject.keywordself-employmenten_US
dc.subject.keywordreal exchange ratesen_US
dc.subject.stwArbeitsmarkten_US
dc.subject.stwKaufkraftparitäten_US
dc.subject.stwSchocken_US
dc.subject.stwWirtschaftliche Anpassungen_US
dc.subject.stwDualökonomieen_US
dc.subject.stwInformeller Sektoren_US
dc.subject.stwTheorieen_US
dc.subject.stwArgentinienen_US
dc.subject.stwBrasilienen_US
dc.subject.stwKolumbienen_US
dc.subject.stwMexikoen_US
dc.titleInformality and macroeconomic fluctuationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn570533384en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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