abstract: 'Labor markets are important, because most people, especially the poor,

  derive all or the great bulk of their income from the work they do. This

  paper approaches labor markets through multisector modeling.

  The first main substantive section presents the essence of multisector

  modeling, in particular, the role of labor market dualism. Given that

  labor markets often consist of quite distinct segments, a useful and

  insightful analytical approach is to start,with Just two interrelated

  segments, formal and informal. Accordingly, the next sections present

  models of wages and employment in the formal economy, the informal

  economy, and intersectoral linkages respectively. The final substantive

  section shows the contributions that these models make to understanding

  and to policy analysis in labor markets.

  It would not be expected that the same model would fit East Africa and

  East Asia or South Africa and South Korea. Surely, the ``correct{''''}

  model is context-specific. Blending empirical observation and analytical

  modeling has yielded great advances. Sound labor market policies require

  sound labor market models.'
affiliation: 'Fields, GS (Corresponding Author), Cornell Univ, Ithaca, NY 14853 USA.

  Cornell Univ, Ithaca, NY 14853 USA.'
author: Fields, Gary S.
author-email: gsf2@cornell.edu
author_list:
- family: Fields
  given: Gary S.
da: '2023-09-28'
files: []
issn: 0041-3011
journal: TRIMESTRE ECONOMICO
keywords-plus: 'ECONOMIC-DEVELOPMENT; INFORMAL-SECTOR; NONAGRICULTURAL ACTIVITIES;

  KUZNETS PROCESS; SURPLUS LABOR; INCOME; UNEMPLOYMENT; INEQUALITY;

  EMPLOYMENT; INVESTMENT'
language: Spanish
month: APR-JUN
number: '298'
number-of-cited-references: '127'
pages: 257-297
papis_id: 7aa794b4e140aae5d53322a8d2035bce
ref: Fields2008guidemultisectorial
researcherid-numbers: Vyacheslav, Gromyko/I-5054-2012
tags:
- review
times-cited: '0'
title: Guide to multisectorial models in the work market in developing countries
type: Review
unique-id: WOS:000255576600001
usage-count-last-180-days: '1'
usage-count-since-2013: '11'
volume: '75'
web-of-science-categories: Economics
year: '2008'