Fiess, N; Fugazza, M; Maloney, WF - Department of Economics, Adam Smith Business School - 2006
plays a more traditional “buffer” role during downturns.
JEL: Informality, Labor market dynamics, Self-employment, Real … detect them empirically, this is evidence of labor market
distortions. Second, in all cases, the short run labor market … dynamics move in the same
direction as the steady state and only in the case of a shock to preferences for
nontradables does …