Urban labor markets that are characterized by the absence of ineffectiveness of regulation by bureaucratic institutions can nonetheless be subject of powerful institutional forces based on customary norms, group cohesion, kinship, and social networks. Using insights derived from the New...

This article estimates the losses that public sector workers would incur if they were displaced from their jobs and simulates several voluntary severance schemes to determine how well the schemes match compensation payments to these estimated losses. (DSE/DÜI)