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Efficiency in a Search and Matching Economy with a Competitive Informal Sector
search and matching models informality efficiency
2012/10/19
We consider a dual labor market with a frictional formal sector and a competitive informal
sector. We show that the size of the informal sector is generally too large compared to the
optimal allocat...
Income Inequality, Mobility, and the Welfare State: A Political Economy Model
redistribution mobility inequality structure induced equilibrium
2012/10/24
In this paper, we set up a three-period stochastic overlapping generations model to analyze the implications of income inequality and mobility for demand for redistribution and social insurance. We mo...
A Steady-State Model of a Non-Walrasian Economy with Three Imperfect Markets
search matching unemployment goods market imperfections
2012/10/26
Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by introducing search frictions on several markets: in a model of credit and labor mar...
Occupational Mobility of Immigrants in a Low Skilled Economy: The Spanish Case
immigration occupational mobility Spain
2012/10/31
We analyze the occupational mobility of immigrants between their origin countries and Spain and its determinants. We use microdata from the Encuesta Nacional de Inmigrantes to compute an international...
Leaving Welfare: Challenges in a New Economy。
The aggregate structure of the economy
foreign trade gross national product population growth
2009/5/12
Improved foreign trade and productivity, as well as a continuing emphasis on services, mark the outlook for the coming decade as gross national product growth slows because of a decline in population ...
After 75 years, the mission of the International Labor Organization remains unchanged. However, continuing to promote social justice throughout the world will require innovative approaches. This artic...
As the economy grew in the mid-1990s, job loss declined and the rate of reemployment rose. Job losses that did occur were more widely dispersed across industries and occupations than in earlier years....
The year began with a weakening labor market, in which manufacturing抯 downturn spread into other sectors; unemployment climbed from the historic lows reached during the recent economic expansion.
The economy is expected to expand at a steady pace over the coming decade, while inflation will remain restrained and productivity growth will remain strong.