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    Informal labour markets in Pakistan

    Ali Choudhary, M. and Mahmood, S. and Zoega, Gylfi (2015) Informal labour markets in Pakistan. Working Paper. Birkbeck, University of London, London, UK.

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    Abstract

    This paper describes the results of a survey of informal-sector firms in Pakistan. Firms belong to the informal sector mainly because of scarce financial resources. There are significant differences in the level of wages and the flexibility of wages with the informal sector having both lower wages and greater flexibility than the formal sector. While minimum wages are less binding in the informal sector, indexation of wages to inflation is more common. In spite of these differences the reasons for not cutting wages in a recession are similar between the two sectors.

    Metadata

    Item Type: Monograph (Working Paper)
    Additional Information: BCAM 1504; ISSN 1745-8587
    Keyword(s) / Subject(s): Informal sector, wage setting, wage rigidity
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Economics, Mathematics and Statistics
    Research Centre: Applied Macroeconomics, Birkbeck Centre for
    Depositing User: Administrator
    Date Deposited: 21 Mar 2019 16:24
    Last Modified: 27 Jul 2019 17:31
    URI: http://eprints.bbk.ac.uk/id/eprint/26637

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