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This paper documents how informal employment in Mexico is countercyclical, lags the cycle and is negatively correlated to formal employment. This contributes to explaining why total employment in Mexico displays low cyclicality and variability over the business cycle when compared to Canada, a...
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In recessions, predominantly men lose their jobs, which has given rise to the term "man-cessions". We analyze whether fiscal expansions bring men back into jobs. To do so, we estimate vector-autoregressive models and identify the effects of fiscal shocks and non-fiscal shocks on the gender...
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Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in … establish that such asymmetries are very salient in Germany. We find that the semi elasticity of real wages with respect to … data. Equal treatment is a central driver of downwardly rigid wages in many contracting models (e.g., Hall, 2005; Gertler …
Persistent link: https://www.econbiz.de/10010490623
This paper introduces a comprehensive database of informal economic activity. The database focuses on measures that have strong cross-country and over time coverage: it includes both model-based and survey-based measures of informality and covers more than 160 economies for the period 1990-2018....
Persistent link: https://www.econbiz.de/10012625108
zero cross-sectional correlation between hours and wages found in the data. We ask whether matching this moment matters for …
Persistent link: https://www.econbiz.de/10012107909