全球智库信息集成服务系统(G2TT): DP15726 TRADE AND INFORMALITY IN THE PRESENCE OF LABOR MARKET FRICTIONS AND REGULATIONS

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP15726
	DP15726 TRADE AND INFORMALITY IN THE PRESENCE OF LABOR MARKET FRICTIONS AND REGULATIONS
	Rafael Dix-Carneiro; Pinelopi Goldberg; Costas Meghir; None Ulyssea
发表日期	2021-01-26
出版年	2021
语种	英语
摘要	We build an equilibrium model of a small open economy with labor market frictions and imperfectly enforced regulations. Heterogeneous firms sort into the formal or informal sector. We estimate the model using data from Brazil, and use counterfactual simulations to understand how trade affects economic outcomes in the presence of informality. We show that: (1) Trade openness unambiguously decreases informality in the tradable sector, but has ambiguous effects on aggregate informality. (2) The productivity gains from trade are understated when the informal sector is omitted. (3) Trade openness results in large welfare gains even when informality is repressed. (4) Repressing informality increases productivity, but at the expense of employment and welfare. (5) The effects of trade on wage inequality are reversed when the informal sector is incorporated in the analysis. (6) The informal sector works as an “unemployment,” but not a “welfare buffer” in the event of negative economic shocks.
主题	Development Economics ; International Trade and Regional Economics ; Labour Economics
URL	https://cepr.org/publications/dp15726
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/544732
推荐引用方式 GB/T 7714	Rafael Dix-Carneiro,Pinelopi Goldberg,Costas Meghir,et al. DP15726 TRADE AND INFORMALITY IN THE PRESENCE OF LABOR MARKET FRICTIONS AND REGULATIONS. 2021.