Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes
The authors study the dynamics of three developing country labor markets using recent advances in the estimation of continuous time Markov processes. They first examine the flows of workers among five states: three types of paid labor, unemployment, and out of the labor force. The authors find a hi...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/04/5800511/labor-market-dynamics-developing-countries-comparative-analysis-using-continuous-time-markov-processes http://hdl.handle.net/10986/8948 |
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okr-10986-89482021-04-23T14:02:42Z Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes Bosch, Mariano Maloney, William COMPARATIVE ANALYSIS DISCRIMINATION DISGUISED UNEMPLOYMENT DISPLACED WORKERS EMPLOYMENT PATTERNS HIGH UNEMPLOYMENT INCOME INFLATION JOB CREATION LABOR FORCE LABOR LEGISLATION LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKETS LABOR MOBILITY LEGISLATION MARKET MINIMUM WAGE MORTALITY MOTIVATION OLDER WORKERS UNEMPLOYMENT PARENTS SELF EMPLOYMENT SOCIAL SECURITY UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN EMPLOYMENT WAGE RIGIDITIES WAGES WORKERS YOUNG WORKERS YOUNGER WORKERS The authors study the dynamics of three developing country labor markets using recent advances in the estimation of continuous time Markov processes. They first examine the flows of workers among five states: three types of paid labor, unemployment, and out of the labor force. The authors find a high degree of commonality in patterns of worker flows among the three countries and attempt to compare the flexibility of the markets by examining an index of overall mobility. Second, they seek to establish whether the issues of advanced country labor markets apply to developing country markets or whether the latter constitute a different phylum. Paralleling the mainstream literature on the role of being out of the labor force as discouraged unemployment, the authors then identify some common stylized facts about the role of the informal self-employed and salaried sectors and to what degree they serve as a holding pattern versus a desirable alternative to formal sector work. In the process, the authors identify very strong differences in mobility patterns between men and women and attempt to shed some light on whether these differences arise from discrimination or perhaps instead the constraints imposed by household responsibilities. Finally, they study labor market adjustment across the business cycle in Mexico and identify patterns of job creation and destruction among the three paid sectors and confirm the mainstream view of the role of out of the labor force as a procyclical phenomenon. 2012-06-25T17:26:52Z 2012-06-25T17:26:52Z 2005-04 http://documents.worldbank.org/curated/en/2005/04/5800511/labor-market-dynamics-developing-countries-comparative-analysis-using-continuous-time-markov-processes http://hdl.handle.net/10986/8948 English Policy Research Working Paper; No. 3583 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
COMPARATIVE ANALYSIS DISCRIMINATION DISGUISED UNEMPLOYMENT DISPLACED WORKERS EMPLOYMENT PATTERNS HIGH UNEMPLOYMENT INCOME INFLATION JOB CREATION LABOR FORCE LABOR LEGISLATION LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKETS LABOR MOBILITY LEGISLATION MARKET MINIMUM WAGE MORTALITY MOTIVATION OLDER WORKERS UNEMPLOYMENT PARENTS SELF EMPLOYMENT SOCIAL SECURITY UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN EMPLOYMENT WAGE RIGIDITIES WAGES WORKERS YOUNG WORKERS YOUNGER WORKERS |
| spellingShingle |
COMPARATIVE ANALYSIS DISCRIMINATION DISGUISED UNEMPLOYMENT DISPLACED WORKERS EMPLOYMENT PATTERNS HIGH UNEMPLOYMENT INCOME INFLATION JOB CREATION LABOR FORCE LABOR LEGISLATION LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKETS LABOR MOBILITY LEGISLATION MARKET MINIMUM WAGE MORTALITY MOTIVATION OLDER WORKERS UNEMPLOYMENT PARENTS SELF EMPLOYMENT SOCIAL SECURITY UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN EMPLOYMENT WAGE RIGIDITIES WAGES WORKERS YOUNG WORKERS YOUNGER WORKERS Bosch, Mariano Maloney, William Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes |
| relation |
Policy Research Working Paper; No. 3583 |
| description |
The authors study the dynamics of three developing country labor markets using recent advances in the estimation of continuous time Markov processes. They first examine the flows of workers among five states: three types of paid labor, unemployment, and out of the labor force. The authors find a high degree of commonality in patterns of worker flows among the three countries and attempt to compare the flexibility of the markets by examining an index of overall mobility. Second, they seek to establish whether the issues of advanced country labor markets apply to developing country markets or whether the latter constitute a different phylum. Paralleling the mainstream literature on the role of being out of the labor force as discouraged unemployment, the authors then identify some common stylized facts about the role of the informal self-employed and salaried sectors and to what degree they serve as a holding pattern versus a desirable alternative to formal sector work. In the process, the authors identify very strong differences in mobility patterns between men and women and attempt to shed some light on whether these differences arise from discrimination or perhaps instead the constraints imposed by household responsibilities. Finally, they study labor market adjustment across the business cycle in Mexico and identify patterns of job creation and destruction among the three paid sectors and confirm the mainstream view of the role of out of the labor force as a procyclical phenomenon. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Bosch, Mariano Maloney, William |
| author_facet |
Bosch, Mariano Maloney, William |
| author_sort |
Bosch, Mariano |
| title |
Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes |
| title_short |
Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes |
| title_full |
Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes |
| title_fullStr |
Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes |
| title_full_unstemmed |
Labor Market Dynamics in Developing Countries : Comparative Analysis using Continuous Time Markov Processes |
| title_sort |
labor market dynamics in developing countries : comparative analysis using continuous time markov processes |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/04/5800511/labor-market-dynamics-developing-countries-comparative-analysis-using-continuous-time-markov-processes http://hdl.handle.net/10986/8948 |
| _version_ |
1764407319578279936 |