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Seminario 155 The Search and Matching Equilibrium in an Economy with an Informal Sector: A Positive Analysis of Labor Market Policies

Economista de la Universidad de Antioquia, Magister y Ph.D en Economía de la Universidad de Essex (Inglaterra). 
En su experiencia profesional se desempeñó como profesional en el área de inflación en el Banco de la República en Bogotá. Actualmente es investigadora del Banco de la República en la sucursal de Medellín y profesora de catedra de la Universidad EAFIT.
Sus áreas de investigación se centran en Mercado Laboral, Macroeconomía y Finanzas.  


Resumen

 

This paper contributes to the theoretical analysis of the informal sector in the search and matching framework. Building upon the work of Albrecht et al. (2009), where the informal sector consists of unregulated self-employment, I describe the search and matching equilibrium in an economy with an informal sector where workers are risk neutral and the government can observe when a worker is formal and informal. In this case I solve the matching equilibrium by introducing three policies: unemployment benefits, a formal lump sum tax, and a job creation subsidy. I analyze the effects of these policies on unemployment rates, formal employment and informal employment. I show that these policies affect the incentives of workers to be formal or informal changing the composition of these two types of workers in the labor market.

 

Inscripciones: inscríbase sin costo, enviando un correo a cospicar@banrep.gov.co o comunicándose al teléfono en Medellín 576 7463 ext. 4463
Hora: 12:15 p.m. (refrigerio) y 12:30 p.m. (inicio del seminario)
Lugar: Medellín, Auditorio del Banco de la República, Calle 50 No. 50-21, piso 3. 


Documento del evento
 The Search and Matching Equilibrium in an Economy with an Informal Sector: A Positive Analysis of Labor Market Policies