The Self-Selection of Workers to the Formal and Informal in Transition Economies: Evidence from Tajikistan
Journal Title: Finance a uver - Year 2017, Vol 67, Issue 2
Abstract
This paper analyzes the selection of workers to informal and formal sector employment in Tajikistan. It estimates multinomial selection bias correction model to assess the impact of observable and unobservable characteristics on the self-selection of workers into the formal and informal sector and on sector specific wages using individual level data from the Tajikistan Standards of Living Survey of 2007. The results suggest that selection of workers on both observable and unobservable characteristics to these sectors is broadly consistent with self-selection on comparative advantages, that the self-selection of workers on unobservable characteristics is the main reason for higher wages in the informal than the formal sector in Tajikistan and that relative wages in the two sectors have a rather strong impact on the decision of workers to work in the formal or informal sector.
Authors and Affiliations
Peter Huber, Ulugbek Rahimov
Exchange Rate Pass-Through in Central and Eastern Europe: A Panel Bayesian VAR Approach
In this paper we estimate average and individual countries’ exchange rate pass-through to producer and consumer price indices in four Central and Eastern Europe countries (Romania, the Czech Republic, Hungary and Poland)...
Is There Seasonality in Traded and Non-Traded Period Returns in the US Equity Market? A Multiple Structural Change Approach
This paper simultaneously examines day-of-the-week, turn-of-the-month and pre- and post-holidays calendar effects in traded and non-traded daily period returns in a group of broad-index exchange traded funds (ETFs) that...
Firm-Level and Institutional Determinants of Corporate Capital Structure in Poland: New Evidence from the Warsaw Stock Exchange
This paper discusses how well major capital structure theories incorporate firm-level and institutional factors into short-term firm financing decisions in a specific context, that of a transition economy. Using a new da...
What Multiscale Approach Can Tell About the Nexus Between Exchange Rate and Stocks in the Major Emerging Markets?
This paper tries to answer which theory – the portfolio balance approach or the flow-oriented model, better explains the nexus between the national stock and exchange rate markets at different time-horizons in the major...
Youth Self-Employment in Households Receiving Remittances in the Republic of Macedonia
The objective of this study is to investigate whether youths in households receiving remittances in Macedonia have a higher probability of establishing their own businesses. In addition, we investigated whether the effec...