Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/10364
Title: | Self-employment, wage employment and informality in a developing economy |
Authors: | Bennett, J Rablen, M |
Keywords: | Urban labour markets;Self-employment;Wage-employment;Informality |
Issue Date: | 2015 |
Publisher: | Oxford University Press (OUP) |
Citation: | Oxford Economic Papers, Forthcoming 2015 |
Abstract: | We construct a simple model incorporating various urban labour market phenomena obtaining in developing economies, and we give a diagrammatic formulation of the market equilibrium. Our initial formulation assumes an integrated labour market and allows for entrepreneurship, self-employment, and wage employment. We then introduce labour market segmentation. In equilibrium voluntary and involuntary self-employment, formal and informal wage employment, and formal and informal entrepreneurship may all coexist. We illustrate the model by an example calibrated on Latin American data, examining individual labour market transitions and implications of education/training and labour market policies. |
Description: | This article has been made available through the Brunel Open Access Publishing Fund. |
URI: | http://bura.brunel.ac.uk/handle/2438/10364 |
DOI: | http://dx.doi.org/10.1093/oep/gpu047 |
ISSN: | 1464-3812 |
Appears in Collections: | Brunel OA Publishing Fund Dept of Economics and Finance Research Papers |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
FullText.pdf | 232.72 kB | Adobe PDF | View/Open |
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.