Publication:
Risk Sharing in Labor Markets

Simple item page
creativeworkseries.issn1564-698X
dc.contributor.authorBigsten, Arne
dc.contributor.authorCollier, Paul
dc.contributor.authorDercon, Stefan
dc.contributor.authorFafchamps, Marcel
dc.contributor.authorGauthier, Bernard
dc.contributor.authorGunning, Jan Willem
dc.contributor.authorOduro, Abena
dc.contributor.authorOostendorp, Remco
dc.contributor.authorPattillo, Cathy
dc.contributor.authorSoderbom, Mans
dc.contributor.authorTeal, Francis
dc.contributor.authorZeufack, Albert
dc.date.accessioned2014-02-26T20:34:41Z
dc.date.available2014-02-26T20:34:41Z
dc.date.issued2003-09
dc.description.abstractEmpirical work in labor economics has focused on rent sharing as an explanation for the observed correlation between wages and profitability. The alternative explanation of risk sharing between workers and employers has not been tested. Using a unique panel data set for four African countries, Authors find strong evidence of risk sharing. Workers in effect offer insurance to employers: when firms are hit by temporary shocks, the effect on profits is cushioned by risk sharing with workers. Rent sharing is a symptom of an inefficient labor market. Risk sharing; by contrast, can be seen as an efficient response to missing markets. Authors evidence suggests that risk sharing accounts for a substantial part of the observed effect of shocks on wages.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/09/17742612/risk-sharing-labor-markets
dc.identifier.citationWorld Bank Economic Review
dc.identifier.doi10.1596/17184
dc.identifier.urihttps://hdl.handle.net/10986/17184
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesWorld Bank Economic Review
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectAVERAGE WAGE
dc.subjectAVERAGE WAGES
dc.subjectBARGAINING
dc.subjectBARGAINING POWER
dc.subjectBORROWING
dc.subjectCAPITAL STOCK
dc.subjectCOBB-DOUGLAS PRODUCTION FUNCTION
dc.subjectCOMMERCIAL CONTRACTS
dc.subjectCOMPETITIVE MODEL
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCONTRACTUAL RELATIONS
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT RATIONING
dc.subjectCRISES
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDISPUTE ¨ RESOLUTION
dc.subjectDUMMY VARIABLES
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC RENTS
dc.subjectEFFICIENCY WAGES
dc.subjectELASTICITY
dc.subjectEMPLOYEE
dc.subjectEMPLOYMENT
dc.subjectEQUILIBRIUM UNEMPLOYMENT
dc.subjectEXCHANGE RATE
dc.subjectEXOGENOUS SHOCKS
dc.subjectEXPECTED VALUE
dc.subjectEXPORTS
dc.subjectFINANCIAL MARKETS
dc.subjectFIRM PERFORMANCE
dc.subjectFIRM SIZE
dc.subjectGOVERNMENT INTERVENTION
dc.subjectHIGH WAGE
dc.subjectHOLDING
dc.subjectHUMAN CAPITAL
dc.subjectIMPLICIT CONTRACT
dc.subjectIMPLICIT CONTRACTS
dc.subjectINCOME
dc.subjectINEFFICIENCY
dc.subjectINFORMAL CREDIT
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE MARKET
dc.subjectINSURANCE MARKETS
dc.subjectINTERNATIONAL BANK
dc.subjectINVENTORIES
dc.subjectLABOR CONTRACTS
dc.subjectLABOR ECONOMICS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR SUPPLY
dc.subjectLABOR TURNOVER
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CRISES
dc.subjectMISSING MARKETS
dc.subjectMONETARY FUND
dc.subjectNEGATIVE SHOCK
dc.subjectNEGATIVE SHOCKS
dc.subjectOCCUPATION
dc.subjectOPTIMAL CONTRACT
dc.subjectPERMANENT SHOCK
dc.subjectPERMANENT SHOCKS
dc.subjectPOLITICAL ECONOMY
dc.subjectPRICE VOLATILITY
dc.subjectPRIMARY EDUCATION
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION WORKERS
dc.subjectPRODUCTIVITY
dc.subjectRATES OF RETURN
dc.subjectRENTS
dc.subjectRISK AVERSE
dc.subjectRISK AVERSION
dc.subjectRISK PREMIUM
dc.subjectRISK SHARING
dc.subjectSTOCKS
dc.subjectSUPPLIERS
dc.subjectSUPPLY CURVE
dc.subjectTOTAL OUTPUT
dc.subjectTOTAL WAGE
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectVALUE ADDED
dc.subjectWAGE BARGAINING
dc.subjectWAGE BILL
dc.subjectWAGE DIFFERENTIALS
dc.subjectWAGE EFFECT
dc.subjectWAGE INCREASE
dc.subjectWAGE LEVELS
dc.subjectWAGE PREMIUM
dc.subjectWAGE RATE
dc.subjectWAGE RATES
dc.subjectWAGE RIGIDITY
dc.subjectWAGES
dc.subjectWORK EXPERIENCE
dc.subjectWORKER
dc.subjectWORKER HETEROGENEITY
dc.subjectWORKERS
dc.titleRisk Sharing in Labor Marketsen
dc.typeJournal Articleen
dc.typeArticle de journalfr
dc.typeArtículo de revistaes
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2013-05-22
okr.date.doiregistration2025-05-06T11:11:09.183109Z
okr.doctypePublications & Research::Journal Article
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/09/17742612/risk-sharing-labor-markets
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeFinance and Markets
okr.guid248151468149393139
okr.identifier.doi10.1093/wber/lhg026
okr.identifier.externaldocumentum000445729_20130522143258
okr.identifier.internaldocumentum17742612
okr.identifier.report77416
okr.journal.nbpages349-366
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/05/22/000445729_20130522143258/Rendered/PDF/774160JRN020030isk0Sharing0in0Labor.pdfen
okr.peerreviewAcademic Peer Review
okr.region.administrativeAfrica
okr.region.countryCameroon
okr.region.countryGhana
okr.region.countryKenya
okr.region.countryZimbabwe
okr.region.geographicalSub-Saharan Africa
okr.topicFinance and Financial Sector Development::Financial Intermediation
okr.topicSocial Protections and Labor::Labor Policies
okr.topicSocial Protections and Labor::Labor Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth
okr.unitDEC Resource Management (DECRM)
okr.volume17(3)
relation.isAuthorOfPublication83529956-4c02-5ee8-99c9-d6e9ab43f3a8
relation.isAuthorOfPublication.latestForDiscovery83529956-4c02-5ee8-99c9-d6e9ab43f3a8
relation.isJournalIssueOfPublication3fb68898-3281-428c-9740-2f7f16d8d132
relation.isJournalIssueOfPublication.latestForDiscovery3fb68898-3281-428c-9740-2f7f16d8d132
relation.isJournalOfPublicationc41eae2f-cf94-449d-86b7-f062aebe893f
relation.isJournalVolumeOfPublicationa55c2a67-3e0a-4c40-8bd9-55d5bea7fd0c
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
774160JRN020030isk0Sharing0in0Labor.pdf
Size:
559.09 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
774160JRN020030isk0Sharing0in0Labor.txt
Size:
57.96 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Journal Articles