This paper examines the effects of the minimum wage on employment, as well as other labor market outputs such as (in)formality, inactivity and hours of work. We use a data panel from 2009 ...

The academic debate about informality has discussed whether this implies a segmented labor market, a competitive one or a mixed of both. Recent research has employed various empirical models ...

Informality is a widespread phenomenon in developing economies with negativeconsequences on productivity and inequality. Several policies have been implementedto decrease informality such as decreasing ...

This paper presents evidence on the labor market effects of social assistance programs in the short and medium run. We evaluate the impact of a Conditional Cash Transfer (CCT) program “Familias ...

The Non-Accelerating Inflation Rate of Unemployment (NAIRU) is an essential indicator for the reading of the economic cycle. However, estimation of this rateis complexsince it is not directly ...

Why do cities with larger populations in developing countries create relatively more formal employment? We build a model where skill diversity increases with working age population size, and ...

After a decade of strong growth and notable poverty and inequality reduction, Latin America finds itself in a pattern of regional slowdown. What, if any, are the distributional impacts of the slowdown? We study over 6 ...

This paper measures worker gross flows and instantaneous transition probabilities in Venezuela from 1998 to 2013. We assemble a panel dataset, which is the source of our flow calculations. We ...

This paper develops a multi-industry general equilibrium model where en-trepreneurs within each industry can decide to operate formally or informally.The model yields a rich set of predictions ...

This paper describes the effects of pension benefits on pre-retirement labor supplyfor a representative sample of Chilean workers. Using non-linearities in benefits and areform that changed ...