LABOR MARKET SEARCH, INFORMALITY, AND SCHOOLING INVESTMENTS

• 成果类型: Article
• 署名作者: Bobba, Matteo; Flabbi, Luca; Levy, Santiago
• 署名单位: Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; IZA Institute Labor Economics; University of North Carolina; University of North Carolina Chapel Hill; Brookings Institution
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12536
• 发表日期: 2022
• 页码: 211-259
• 关键词: equilibrium-model; job search; education; CHOICE; wages; EMPLOYMENT; decisions; policies; INEQUALITY; EFFICIENCY

摘要

We develop a search and matching model where jobs can be formal or informal. Workers choose schooling and search for jobs. Firms post vacancies in each schooling market and decide the job's formality status. Upon meeting, workers and firms bargain over wages. The equilibrium size of the informal sector is an endogenous function of labor market fundamentals and institutions. We estimate the model using labor force survey data from Mexico and exploiting the exogenous variation induced by a noncontributory social program. Counterfactual experiments show that eliminating informal jobs increases schooling investments but decreases welfare for both workers and firms.