التفاصيل البيبلوغرافية
| العنوان: |
Oil price shock and informal workers in dual labor markets. |
| المؤلفون: |
Chaudhuri, Sarbajit1 (AUTHOR), Kar, Saibal2,3 (AUTHOR) saibal@cssscal.org |
| المصدر: |
Bulletin of Economic Research. Oct2023, Vol. 75 Issue 4, p869-879. 11p. |
| مصطلحات موضوعية: |
*PETROLEUM sales & prices, *INFORMAL sector, *REAL income, *TRANSPORTATION industry, *LABOR market, *PRICES, *WAGES |
| مستخلص: |
This paper examines the impact of a rise in oil prices on the wages of workers in the unorganized sector of a developing economy. The model economy is comprised of two non‐traded transport sectors, formal and informal, along with other sectors. The main results that we obtain are as follows. The informal transport sector contracts when fuel price rises and lowers the real income of the informal workers. The per‐unit return to land rises, and the factor readjustments even raise the output of other sectors in the economy. We also show why inclusion of non‐passenger transport services does not alter the main outcomes of the model. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |
