The Relevance of Christopher Pissarides’ Contribution to Mena Labor Markets

Ragui Assaad

Middle East Development Journal, 2011, vol. 3, issue 1, 1-10

Abstract: High unemployment rates in MENA appear to be structural in nature and result from the significant segmentation of the region’s economies along formal-informal and public-private lines. It thus appears at first that Christopher’s Pissarides’ seminal contribution on the search theoretic underpinnings of unemployment are less relevant than a Harris-Todaro-type dual economy model. Nevertheless, I argue in this essay that Pissarides’ search theoretic framework is becoming increasingly relevant as the role of public sectors in the labor market is gradually attenuated.

Date: 2011
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DOI: 10.1142/S1793812011000296

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