Job Creation and Wages in Least Developed Countries: Evidence from Sub-Saharan Africa

Autor:	Ija Trapeznikova, Juan Pablo Rud
Rok vydání:	2020
Předmět:	Job creation Economics and Econometrics Labour economics Sub saharan 05 social sciences Microdata (HTML) 0502 economics and business Economics Statistical dispersion 050207 economics Productivity High wage 050205 econometrics Least Developed Countries
Zdroj:	The Economic Journal. 131:1331-1364
ISSN:	1468-0297 0013-0133
DOI:	10.1093/ej/ueaa110
Popis:	Least developed economies are characterized by poorly functioning labour markets: only a small fraction of workers are in paid employment, where productivity and wages are low. We incorporate a standard search framework into a two-sector model of development to assess the importance of different obstacles to job creation and productivity. The model provides new insights into the characterization of poorly developed labour markets that are observed in the data, such as high wage dispersion. We estimate the model using microdata for six countries in sub-Saharan Africa and highlight the empirical relevance of labour-market frictions, entry costs and skills.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::bcd6b3cd5166819c202d75d9991b9628 https://doi.org/10.1093/ej/ueaa110 Zobrazit plný text záznamu