Labor Market Segmentation in a Two-Sector Model of An Open Economy
Labor Market Segmentation in a Two-Sector Model of An Open Economy

Author: Mr.Dimitri G. Demekas

Publisher: International Monetary Fund

Published: 1990-04-01

Total Pages: 32

ISBN-13: 1451979134

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The paper examines formally the effects of labor market segmentation in a two-sector open economy model. The model demonstrates how the structure of the labor market affects the real exchange rate, defined as the relative price of traded and home goods, and is then used to examine the effects of two common labor market policies: increasing the degree of primary market coverage, and implementing wage restraint in the primary market. It is shown that increasing the degree of primary market coverage increases unemployment and leads to a real appreciation. Real wage restraint in the primary market, on the other hand, reduces unemployment, and has ambiguous but probably small effects on the real exchange rate.

Informality Revisited
Informality Revisited

Author: William Francis Maloney

Publisher: World Bank Publications

Published: 2003

Total Pages: 32

ISBN-13:

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The author develops a view of the informal sector in developing countries primarily as an unregulated micro-entrepreneurial sector and not as a disadvantaged residual of segmented labor markets. Drawing on recent work from Latin America, he offers alternative explanations for many of the characteristics of the informal sector customarily regarded as evidence of its inferiority.

IMF Staff papers
IMF Staff papers

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 1990-01-01

Total Pages: 180

ISBN-13: 145193078X

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The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market determined. The paper suggests some helpful indicators to assess the adequacy of interest rates and discusses factors that contribute to a smooth liberalization process. The main conclusion is that interest rate liberalization is not synonymous with laissez-faire policies, but requires the replacement of the administratively set interest rates by indirect monetary management techniques that operate through the market.

Macroeconomic Adjustment with Segmented Labor Markets
Macroeconomic Adjustment with Segmented Labor Markets

Author: Pierre-Richard Agénor

Publisher: International Monetary Fund

Published: 1994-05-01

Total Pages: 50

ISBN-13: 1451968248

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This paper analyzes the macroeconomic effects of fiscal and labor market policies in developing countries. The basic framework considers a small open economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations and minimum wage laws. The basic model is then extended to account for unemployment benefits, income taxation, and imperfect labor mobility across sectors. The analysis indicates, among other results, that a reduction in unemployement benefits has a positive effect on output of tradable goods by lowering both the level of efficiency wages and the relative rent captured by skilled workers.

The Long Shadow of Informality
The Long Shadow of Informality

Author: Franziska Ohnsorge

Publisher: World Bank Publications

Published: 2022-02-09

Total Pages: 397

ISBN-13: 1464817545

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A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Post-Keynesian Economics
Post-Keynesian Economics

Author: Lavoie, Marc

Publisher: Edward Elgar Publishing

Published: 2022-05-13

Total Pages: 744

ISBN-13: 1839109629

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This visionary Research Handbook presents the state of the art in research on policy design. By conceiving policy design both as a theoretical and a methodological framework, it provides scholars and practitioners with guidance on understanding policy problems and devising accurate solutions.

Internal Labor Markets and Manpower Analysis
Internal Labor Markets and Manpower Analysis

Author: Peter B. Doeringer

Publisher: M.E. Sharpe

Published: 1985-06

Total Pages: 258

ISBN-13: 9780765632128

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This book discusses the institutional aspects of the American labor market. The introduction assesses the major changes since 1971.

The Dynamics of Labour Market Segmentation
The Dynamics of Labour Market Segmentation

Author: Frank Wilkinson

Publisher: Elsevier

Published: 2013-10-24

Total Pages: 325

ISBN-13: 0323155898

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The Dynamics of Labour Market Segmentation is a collection of different papers about the importance of differentiation between groups of workers and the development of employer strategies for controlling the labor process in the market. The book is divided into five parts. Part I discusses the nature of segmentation, duality, the internal labor market, internationalization, and discrimination. Part II tackles the industrial transformation and the evolution of dual labor markets and the paternalism and labor market segmentation theory, and Part III deals with topics such as entrepreneurial strategies of adjustment and internal labor markets; artisan production and economic growth; and outwork and segmented labor markets. Part IV covers the construction of women as second-class workers and the social reproduction and the basic structure of the labor market; Part V explores the labor market segmentation and the business cycle and the relationship between employment and output. The text is recommended for entrepreneurs who wish to understand the labor market as well as social scientists who would like to know the implications of the labor market segmentation not only for the marketplace but also for society as a whole.

Macroeconomics of Climate Change in a Dualistic Economy
Macroeconomics of Climate Change in a Dualistic Economy

Author: Sevil Acar

Publisher: Academic Press

Published: 2018-01-25

Total Pages: 156

ISBN-13: 0128135204

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Macroeconomics of Climate Change in a Dualistic Economy: A Regional General Equilibrium Analysis generates significant, genuinely novel insights about dual economies and sustainable economic growth. These insights are generalize-able and applicable worldwide. The authors overcome existing limitations in general equilibrium modeling. By concentrating on tensions between green growth and dualism, they consider the global efforts against climate change and opposition by specific countries based on economic development needs. Using Turkey as their primary example, they address these two most discussed and difficult issues related to policy setting, blazing a path for those seeking an applied economic research framework to study such economic considerations. - Couples a CGE climate change mitigation policy analysis with a dual economy approach - Presents methods to model and assess policy instruments for mitigating climate change - Provides data sets and models on a freely-accessible companion website - Offers a path for those seeking an applied economic research framework to study economic considerations

Sticky Feet
Sticky Feet

Author: Claire H. Hollweg

Publisher: World Bank Publications

Published: 2014-07-03

Total Pages: 123

ISBN-13: 1464802637

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This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.