Structural Reforms and Labor Reallocation: A Cross-Country Analysis

Structural Reforms and Labor Reallocation: A Cross-Country Analysis
Institutional and market frictions impose costs on the reallocation of labor from low to high productivity sectors, leading to suboptimal allocations and a loss in aggregate labor productivity. Using cross-country sector-level data, we use a dynamic panel error correction model to compute the speed of sectoral labor adjustment,... READ MORE...

Publication date: March 2018
ISBN 9781484346983
$18.00

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