CONTRACTUAL DUALISM, MARKET POWER AND INFORMALITY

We develop a search-theoretic model of contractual dualism in formal and informal labour markets. The model (i) provides the micro-underpinnings for endogenous determination of employer market power in the formal and informal sectors, (ii) offers a unified and coherent set-up whereby a host of salie...

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Bibliographic details
Volume: 125
Main Author: Arnab K. Basu
Nancy H. Chau
Ravi Kanbur
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: OXFORD John Wiley & Sons Ltd 01.12.2015
OXFORD UNIV PRESS
Wiley Subscription Services, Inc
published in: The Economic journal (London) Vol. 125; no. 589; pp. 1534 - 1573
Data of publication: 20151201
ISSN: 0013-0133
1468-0297
EISSN: 1468-0297
Discipline: Economics
Bibliography: for their insightful comments and suggestions that have greatly improved this study.
We thank Gary Fields, Santiago Levy and seminar participants at Cornell, the Federal Reserve Bank at St. Louis, the Inter‐American Development Bank, the Institute for the Study of Labor (IZA), University of Sydney, University of New South Wales and Macquarie University for helpful comments and stimulating discussions. We also thank two anonymous referees and an editor of this J
ournal
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Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2015
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