کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5058578 | 1476627 | 2015 | 6 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Cyclicality of labor wedge and informal sector
ترجمه فارسی عنوان
چرخه کار گوه کار و بخش غیررسمی
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
- The 'labor wedge' is defined as the gap between the household's marginal rate of substitution and the firm's marginal product of labor.
- Empirical evidence suggests that the labor wedge is quite volatile and countercyclical.
- We argue that the presence of an 'informal sector' can provide a key for understanding the observed labor wedge dynamics.
Empirical evidence suggests that the labor wedge, defined as the gap between the firm's marginal product of labor and the household's marginal rate of substitution, is quite volatile and countercyclical. This article argues that the presence of an 'informal sector' can provide a key for understanding the observed countercyclical behavior of the labor wedge.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economics Letters - Volume 136, November 2015, Pages 141-146
Journal: Economics Letters - Volume 136, November 2015, Pages 141-146
نویسندگان
Orhan Erem Atesagaoglu, Ceyhun Elgin,