Job Creation and Wages in Least Developed Countries: Evidence from Sub-Saharan Africa
研究了最不发达国家劳动力市场障碍对就业创造和生产率的影响，利用撒哈拉以南非洲六国微观数据估计模型，发现劳动力市场摩擦、进入成本和技能是重要因素。
Abstract Least developed economies are characterized by poorly functioning labour markets: only a small fraction of workers are in paid employment, where productivity and wages are low. We incorporate a standard search framework into a two-sector model of development to assess the importance of different obstacles to job creation and productivity. The model provides new insights into the characterization of poorly developed labour markets that are observed in the data, such as high wage dispersion. We estimate the model using microdata for six countries in sub-Saharan Africa and highlight the empirical relevance of labour-market frictions, entry costs and skills.