Informality Trends and Cycles

This paper studies the trends and cycles of informal employment. It first presents a theoretical model where the size of informal employment is determined by the relative costs and benefits of informality and the distribution of workers' skills. In the long run, informal employment varies with...

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Bibliographic Details
Main Authors:	Loayza, Norman V., Rigolini, Jamele
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2012
Subjects:	ABSOLUTE DIFFERENCE ACTIVE LABOR ADVERSE SELECTION AGGREGATE OUTPUT BUSINESS CYCLE COMPARATIVE ANALYSIS COUNTRY CHARACTERISTICS COUNTRY DUMMY COUNTRY-BY-COUNTRY BASIS CUMULATIVE FUNCTION DATA SET DEPENDENT VARIABLE DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DISCUSSIONS DISEQUILIBRIUM ECONOMIC ACTIVITY ECONOMIC GROWTH ELASTICITY EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL FINDINGS EMPIRICAL MODEL EMPIRICAL SECTION EMPLOYMENT GROWTH EMPLOYMENT RATE ENTRY COSTS EQUILIBRIUM EQUILIBRIUM LEVEL EXOGENOUS VARIABLE EXPLANATORY POWER EXPLANATORY VARIABLE GDP GDP PER CAPITA GOVERNMENT EXPENDITURES GROSS INCOME GROWTH RATE INCOME INCOME LEVELS INEQUALITY INFORMAL ECONOMIES INFORMAL ECONOMY INFORMAL EMPLOYMENT INFORMAL LABOR MARKETS INFORMAL SECTOR INTEREST RATES LABOR FORCE LABOR MARKET LABOR ORGANIZATION LABOR TURNOVER LATIN AMERICAN LONG-RUN EQUILIBRIUM LONG-RUN GROWTH MACROECONOMIC SHOCKS MARGINAL COST MIDDLE INCOME COUNTRIES MINIMUM WAGE MINIMUM WAGES MONETARY ECONOMICS MORAL HAZARD NATIONAL INCOME NEGATIVE SHOCKS NEGATIVE SIGN OPPORTUNITY COST PER CAPITA GROWTH POLICY RESEARCH POLITICAL ECONOMY POSITIVE SHOCKS PREVIOUS SECTION PRIVATE AGENTS PRODUCTIVITY PRODUCTIVITY DIFFERENTIAL PRODUCTIVITY INCREASES PRODUCTIVITY LEVEL PUBLIC ECONOMICS PUBLIC POLICY PUBLIC SERVICES REAL EXCHANGE RATE RELATIVE EARNINGS SELF EMPLOYED SELF EMPLOYED WORKERS SELF EMPLOYMENT SERIES DATA SERIES OBSERVATIONS SKILL LEVEL SMALL MANUFACTURING TAXATION TOTAL EMPLOYMENT TOTAL WORKERS WORK IN PROGRESS WORKER WORKERS WORKING
Online Access:	http://documents.worldbank.org/curated/en/2006/12/7245835/informality-trends-cycles http://hdl.handle.net/10986/8855

Internet

http://documents.worldbank.org/curated/en/2006/12/7245835/informality-trends-cycles
http://hdl.handle.net/10986/8855

Informality Trends and Cycles

Internet

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