Recession in the Skilled Sector and Implications for Informal Wage
AbstractGlobal 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 18003.
Date of creation: 30 Apr 2009
Date of revision:
Recession; skill; capital-labor ratio; informal wage; general equilibrium;
Other versions of this item:
- Marjit, Sugata & Kar, Saibal & Chaudhuri, Sarbajit, 2011. "Recession in the skilled sector and implications for informal wage," Research in Economics, Elsevier, vol. 65(3), pages 158-163, September.
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-10-24 (All new papers)
- NEP-LAB-2009-10-24 (Labour Economics)
- NEP-MAC-2009-10-24 (Macroeconomics)
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