wow-inequalities/02-data/intermediate/wos_sample/b5eace34e794035314693bed73495a23-jha-priyaranjan-and/info.yaml

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2023-09-28 14:46:10 +00:00
abstract: 'Purpose The purpose of this paper is to understand labor market
regulations and their consequences for the allocation of resources.
Design/methodology/approach This paper constructs a theoretical model to
study labor market regulations in developing countries and how it
affects the allocation of resources between the less productive informal
activities and more productive formal activities. It also provides
empirical support for some theoretical results using cross-country data.
Findings When workers are risk-averse and the market for insurance
against labor income risk is missing, regulations that provide insurance
to workers (such as severance payments) reduce misallocation. However,
regulations that simply create barriers to the dismissal of workers
increase misallocation and end up reducing the welfare of workers. This
study also provides some empirical evidence broadly consistent with the
theoretical results using cross-country data. While dismissal
regulations increase the share of informal employment, severance
payments to workers do not. Research limitations/implications The
empirical exercise is constrained by the lack of availability of good
data on the informal sector. Originality/value The analysis of the
alternative labor market regulations analyzed in this paper in the
presence of risk-averse workers is an original contribution to the
literature.'
affiliation: 'Jha, P (Corresponding Author), UC Irvine, Dept Econ, Irvine, CA 92697
USA.
Jha, Priyaranjan, UC Irvine, Dept Econ, Irvine, CA 92697 USA.
Hasan, Rana, Asian Dev Bank, South Asia Dept, Mandaluyong City, Philippines.'
author: Jha, Priyaranjan and Hasan, Rana
author-email: pranjan@uci.edu
author_list:
- family: Jha
given: Priyaranjan
- family: Hasan
given: Rana
da: '2023-09-28'
doi: 10.1108/IGDR-05-2021-0067
earlyaccessdate: NOV 2021
eissn: 1753-8262
files: []
issn: 1753-8254
journal: INDIAN GROWTH AND DEVELOPMENT REVIEW
keywords: 'Dismissal regulations; Severance payments; Misallocation; Informal
employment; Minimum wage; O12; O17; O57; J38; J46'
language: English
month: MAR 14
number: '1'
number-of-cited-references: '32'
pages: 18-59
papis_id: 30ead6bfbd77abc526688835757e0425
ref: Jha2022labormarket
times-cited: '0'
title: Labor market policies, informality and misallocation
2023-10-01 08:15:07 +00:00
type: article
2023-09-28 14:46:10 +00:00
unique-id: WOS:000723019500001
usage-count-last-180-days: '0'
usage-count-since-2013: '4'
volume: '15'
web-of-science-categories: Development Studies
year: '2022'