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Policies against informality in segmented labour markets: a general equilibrium analysis applied to Uruguay

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Author Info
Carmen Estrades () (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)
María Inés Terra () (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

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Abstract

In this paper we analyze the impact of some policies against informality on the labor market, poverty and income distribution in Uruguay, using a general equilibrium model that considers a dual labor market segmented by skill, and microsimulations. We simulate two sets of policies: payroll tax cuts and increased enforcement in the informal sector. Both sets of policies are effective in reducing informality. Payroll tax cuts on unskilled labor increase informality among medium-skilled workers, but in spite of that they are successful in reducing poverty and improving income distribution. Enforcement policies have a negative impact on wages, especially for unskilled workers. The net effect on poverty is two-sided: on the one hand this policy promotes an increase in poverty as a consequence of wages falling, but on the other hand poverty falls because the formal demand for labor increases.

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File URL: http://decon.edu.uy/publica/2008/0408(english%20version).pdf
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Publisher Info
Paper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 0408.

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Length: 29 pages
Date of creation: Dec 2007
Date of revision:
Handle: RePEc:ude:wpaper:0408

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Related research
Keywords: informality; labor market; general equilibrium; policies; poverty; microsimulations;

Find related papers by JEL classification:
D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets

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This page was last updated on 2009-11-9.


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