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Empirical Analysis of Labor Market Segmentation
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3SLS adjustment policies adjustment programs Ainsworth Argentina Bulatao Eduard Bos Chile and Uruguay Colombia Corbo costs of labor demand for unskilled distortionary factor Econometric economic Eduard Bos Patience effective wage effectiveness of nominal elasticities equilibrium wage estimate formal sector wages formal wages formal/informal wage gap four countries government intervention homogeneous degree zero implies indicates ineffective inflation informal sector wages informal wages labor demand labor force labor market segmentation labor mobility LDCs Lopez & Riveros Macroeconomic Adjustment minimum wages nominal devaluation nominal exchange rate non-wage costs open unemployment parameters positive effect price of non-tradables price of tradables public sector employment real devaluation real wages Region Population Projections relative price result segmented labor market skilled and unskilled skilled labor SLMs statistically Stephens MyT terms of tradables tradable and non-tradable unskilled labor Uru Arg wage differential wages equation World Bank