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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11403 |
DP11403 How do regulated and unregulated labor markets respond to shocks? Evidence from immigrants during the Great Recession | |
Sergei Guriev; Biagio Speciale; Michele Tuccio | |
发表日期 | 2016-07-21 |
出版年 | 2016 |
语种 | 英语 |
摘要 | We study wage adjustment during the recent crisis in regulated and unregulated labor markets in Italy. Using a unique dataset on immigrant workers, we show that before the crisis wages in the formal and informal sectors moved in parallel (with a 15 percent premium in the formal labor market). During the crisis, however, formal wages did not adjust down while wages in the unregulated informal labor market fell so that by 2013 the gap had grown to 32 percent. The difference was particularly salient for workers in "simple" occupations where there is high substitutability between immigrant and native workers. Calibrating a simple model of spillovers between formal and informal markets, we find that less than 10 percent of workers who lost a formal job during the crisis move to the informal sector. We also find that if the formal sector wages were fully flexible, the decline in formal employment would be in the range of 1.5-4.5 percent - much lower than 16 percent decline that we observe in the data. |
主题 | Development Economics ; Labour Economics |
关键词 | Immigration Labor market regulation Wage rigidity Great recession |
URL | https://cepr.org/publications/dp11403 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540217 |
推荐引用方式 GB/T 7714 | Sergei Guriev,Biagio Speciale,Michele Tuccio. DP11403 How do regulated and unregulated labor markets respond to shocks? Evidence from immigrants during the Great Recession. 2016. |
条目包含的文件 | 条目无相关文件。 |
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