Contractual Dualism, Market Power and Informality
Bibliographic Data
| ID | 9703354 |
|---|---|
| Authors | Kaushik Basu (0000-0002-3705-055X), Arnab K Basu (0000-0002-1388-0735, Cornell University, IZA, ZEF), Nancy H Chau (0000-0002-9843-5111, Cornell University, IZA, ZEF), Ravi Kanbur (0000-0001-8964-3333, Cornell University, CEPR, IZA) |
| Year | 2015 |
| Volume | 125 |
| Issue | 589 |
| Pages | 1534-1573 |
| Publication date | 2015-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12222 |
| OpenAlex | W2239180058 |
| Language | EN |
| Citations received | 5 |
| References cited | 46 |
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 salient features of developing country labour markets can be explained together and (iii) places for the first time the Stiglerian prescription of the optimal (unemployment minimising) minimum wage in the broader context of labour markets where formal job creation is costly, where employer market power is endogenous and where formal employment, informal employment and unemployment coexist
Context (archaeology · Dualism · Economics · Informal sector · Labour economics · Macroeconomics · Market economy · Minimum wage · Power (physics · Salient · Unemployment · Wage · Employment and Welfare Studies · Gender, Labor, and Family Dynamics · Taxation and Compliance Studies
Linking the Formal and Informal Economy
Wage Differentials, Employer Size, and Unemployment
The Regulation of Entry
Does Informality Imply Segmentation in Urban Labor Markets? Evidence from Sectoral Transitions in Mexico
Shadow Economies
Job search and mobility in developing countries. Theory and policy implications
Labor tying
Rural labor and credit markets
Modelling the informal sector formally
Myth and Measurement
Compliance with the Minimum Wage Law
Informal Economic Activity
The Effects of Labour Market Policies in an Economy with an Informal Sector
Turning a Blind Eye
Informality Revisited
The Fair Wage-Effort Hypothesis and Unemployment
Minimum Wages and Compliance
Mobility in the Urban Labor Market
Enforcement and Compliance with Labor Regulations in Argentina
Strengthening Labor Standards Enforcement through Partnerships with Workers' Organizations
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,45 |
| Citation span | 2015 - 2021 (7) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |