The authors study the dynamics of three developing country labor markets using recent advances in the estimation of continuous time Markov processes. They first examine the flows of workers among five states: three types of paid labor, unemployment, and out of the labor force. The authors find a high degree of commonality in patterns of worker flows among the three countries and attempt to compare the flexibility of the markets by examining an index...
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INFORMACIÓN
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2005/04/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS3583
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1
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1
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2010/07/01
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Disclosed
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Labor market dynamics in developing countries: comparative analysis using continuous time Markov processes
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formal sector