EconPapers    
Economics at your fingertips  
 

Recession in the skilled sector and implications for informal wage

Sugata Marjit, Saibal Kar () and Sarbajit Chaudhuri ()

Research in Economics, 2011, vol. 65, issue 3, 158-163

Abstract: Global financial crisis has affected the white goods, white collared sector in many developing countries. However, preponderance of large unorganized sectors in such countries must be factored in before one predicts its depth and severity for the entire economy. We postulate analytically that recession in the skilled sector may actually increase real informal wage and despite temporal contraction, countries with large informal sectors would not be deeply affected unlike economies with strict formal regulations. Numerical examples are constructed to capture the extent of changes in informal wage.

Keywords: Recession; Skill; Unorganized; labor; Informal; wage; General; equilibrium (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1090944310000372
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Recession in the Skilled Sector and Implications for Informal Wage (2009) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:65:y:2011:i:3:p:158-163

Access Statistics for this article

Research in Economics is currently edited by Federico Etro

More articles in Research in Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2020-01-21
Handle: RePEc:eee:reecon:v:65:y:2011:i:3:p:158-163