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- ISIDORE Id: 10670/1.47b568...
- hal: hal-03587627
- doi: 10.1257/aer.20121110
- SCIENCESPO: 2441/4ra95789n9nrr59b6lmini6tp
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info:eu-repo/semantics/altIdentifier/doi/10.1257/aer.20121110
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info:eu-repo/semantics/altIdentifier/hdl/2441/4ra95789n9nrr59b6lmini6tp
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info:eu-repo/grantAgreement/EC/FP7/269693/EU/Wage Dynamics, Sorting Patterns in Labour Markets and Policy Evaluation/WASP
info:eu-repo/semantics/OpenAccess
Mots-clés
Equilibrium wage-posting model Brazilian labor Formal labor market E - Macroeconomics and Monetary Economics/E.E2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy/E.E2.E26 - Informal Economy • Underground Economy J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs/J.J3.J31 - Wage Level and Structure • Wage Differentials J - Labor and Demographic Economics/J.J4 - Particular Labor Markets/J.J4.J46 - Informal Labor Markets O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O15 - Human Resources • Human Development • Income Distribution • Migration O - Economic Development, Innovation, Technological Change, and Growth/O.O1 - Economic Development/O.O1.O17 - Formal and Informal Sectors • Shadow Economy • Institutional ArrangementsSujets proches
Labor and laboring classesCiter ce document
Costas Meghir et al., « Wages and Informality in Developing Countries », HAL SHS (Sciences de l’Homme et de la Société), ID : 10.1257/aer.20121110
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Résumé
We develop an equilibrium wage-posting model with heterogeneous firms that decide to locate in the formal or the informal sector and workers who search randomly on and off the job. We estimate the model on Brazilian labor force survey data. In equilibrium, firms of equal productivity locate in different sectors, a fact observed in the data. Wages are characterized by compensating differentials. We show that tightening enforcement does not increase unemployment and increases wages, total output, and welfare by enabling better allocation of workers to higher productivity jobs and improving competition in the formal labor market.
