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
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Citations: View citations in EconPapers (10)

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Working Paper: Recession in the Skilled Sector and Implications for Informal Wage (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reecon:v:65:y:2011:i:3:p:158-163

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