This paper applies recent advances in the study of labor market dynamics to a representative developing country with a large unregulated of “informal” sector, Mexico. It finds, first, that the formal salaried sector shows the same procyclical job finding rate and mildly countercyclical...

This paper reviews the changing pattern of labour market segmentation in Britain since the mid-1970s. In the early 1980s, industrial labour markets in Britain, along with Germany, could be characterised as dominated by occupational labour markets for skilled workers compared with the...