Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality

This paper discusses a set of statistics for examining labor market dynamics in developing countries and offers a simple search model that informs their interpretation. It then employs panel data from Argentina, Brazil and Mexico to generate a set of preliminary stylized facts about patterns of sect...

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Main Authors:	Bosch, Mariano, Maloney, William F.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Labor Force and Employment, Size, and Structure J210 Unemployment: Models, Duration, Incidence, and Job Search J640 Economic Development: Human Resources Human Development Income Distribution Migration O150 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170
Online Access:	http://hdl.handle.net/10986/5436

id	okr-10986-5436
recordtype	oai_dc
spelling	okr-10986-54362021-04-23T14:02:22Z Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality Bosch, Mariano Maloney, William F. Labor Force and Employment, Size, and Structure J210 Unemployment: Models, Duration, Incidence, and Job Search J640 Economic Development: Human Resources Human Development Income Distribution Migration O150 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 This paper discusses a set of statistics for examining labor market dynamics in developing countries and offers a simple search model that informs their interpretation. It then employs panel data from Argentina, Brazil and Mexico to generate a set of preliminary stylized facts about patterns of sectoral transition and duration. Finally, it nests two competing views of the informal sector within the model and uses variation in the statistics across age and the business cycle to help discriminate between them. The results suggest that a substantial part of the informal sector, particularly the self-employed, corresponds to voluntary entry, although informal salaried work may correspond more closely to the standard queuing view, especially for younger workers. 2012-03-30T07:32:49Z 2012-03-30T07:32:49Z 2010 Journal Article Labour Economics 09275371 http://hdl.handle.net/10986/5436 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Labor Force and Employment, Size, and Structure J210 Unemployment: Models, Duration, Incidence, and Job Search J640 Economic Development: Human Resources Human Development Income Distribution Migration O150 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170
spellingShingle	Labor Force and Employment, Size, and Structure J210 Unemployment: Models, Duration, Incidence, and Job Search J640 Economic Development: Human Resources Human Development Income Distribution Migration O150 Formal and Informal Sectors Shadow Economy Institutional Arrangements O170 Bosch, Mariano Maloney, William F. Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	This paper discusses a set of statistics for examining labor market dynamics in developing countries and offers a simple search model that informs their interpretation. It then employs panel data from Argentina, Brazil and Mexico to generate a set of preliminary stylized facts about patterns of sectoral transition and duration. Finally, it nests two competing views of the informal sector within the model and uses variation in the statistics across age and the business cycle to help discriminate between them. The results suggest that a substantial part of the informal sector, particularly the self-employed, corresponds to voluntary entry, although informal salaried work may correspond more closely to the standard queuing view, especially for younger workers.
format	Journal Article
author	Bosch, Mariano Maloney, William F.
author_facet	Bosch, Mariano Maloney, William F.
author_sort	Bosch, Mariano
title	Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality
title_short	Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality
title_full	Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality
title_fullStr	Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality
title_full_unstemmed	Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality
title_sort	comparative analysis of labor market dynamics using markov processes : an application to informality
publishDate	2012
url	http://hdl.handle.net/10986/5436
_version_	1764395047532363776

Comparative Analysis of Labor Market Dynamics Using Markov Processes : An Application to Informality

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