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Recession in the Skilled Sector and Implications for Informal Wage

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

MPRA Paper from University Library of Munich, Germany

Abstract: Global recession is likely to hit the skilled sector or the so-called white goods, white collared sector in a typical developing economy. In this paper we try to analyze the impact of such an event on informal wage as the vast majority of the workforce in the developing world is employed in the unorganized or informal sector. In particular, we demonstrate the analytical possibility that a recession in the skilled sector will actually increase real informal wage.

Keywords: Recession; skill; capital-labor ratio; informal wage; general equilibrium (search for similar items in EconPapers)
JEL-codes: E31 J31 J21 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab and nep-mac
Date: 2009-04-30
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Journal Article: Recession in the skilled sector and implications for informal wage (2011) Downloads
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