Informal Self-Employment and Macroeconomic Fluctuations

Informal self-employment is a major source of employment in developing countries. Its cyclical behavior is important to our understanding of the functioning of LDC labor markets, but turns out to be surprisingly complex. We develop a flexible model with two sectors: a formal salaried (tradable) sect...

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Bibliographic Details
Main Authors: Fiess, Norbert M., Fugazza, Marco, Maloney, William F.
Language:EN
Published: 2012
Subjects:
Online Access:http://hdl.handle.net/10986/5734