Advanced search

Show simple item record

dc.contributor.authorLavado, Pablo
dc.contributor.authorYamada Fukusaki, Gustavo
dc.identifier.citationLavado, P., & Yamada, G. (2013). Fear of labor rigidities: the role of expectations on employment growth in Peru. Lima: Universidad del Pacífico, Centro de Investigación. Recuperado de
dc.description.abstractSe han realizado muchos estudios que analizan el efecto de la estricta legislación de protección del empleo. Sin embargo, casi todos ellos se han enfocado en un impacto a posteriori; dejando de lado un segundo canal, pero igualmente importante: las expectativas. Este trabajo tiene como objetivo analizar el papel de las expectativas en el mercado laboral formal e informal peruano.es_PE
dc.description.abstractMany studies have been conducted to analyze the effect of stricter Employment Protection Legislation (EPL). However, almost all of them has focused on an ex-post impact; leaving aside a second but equally important channel: expectations. This paper aims to analyze the role of expectations on Peruvian formal and informal labor market; using news as our identification variable. We use the monthly number of news related to the approval of the General Labor Law (GLL), a proposal entailing future stronger labor rigidities, from January 2001 to May 2012. Using the Permanent Employment Survey (EPE), we find a negative relation between expectations towards a stricter labor market and both employment and average income. News mainly affect formal occupied EAP, arousing a substitution effect from formal to informal employment. We also discover that the effect of expectations differs in periods with higher versus lower GDP growth. Finally, we find some evidence supporting news having a cumulative effect: the larger the previous stock of news, the weaker the effect.en
dc.publisherUniversidad del Pacífico. Centro de Investigaciónes_PE
dc.relation.ispartofseriesDocumento de discusión;n° DD/13/16
dc.rightsAtribución-NoComercial-SinDerivadas 4.0 Internacional*
dc.sourceRepositorio de la Universidad del Pacífico - UPes_PE
dc.sourceUniversidad del Pacíficoes_PE
dc.subjectMercado laboral--Perúes_PE
dc.titleFear of labor rigidities: the role of expectations on employment growth in Perues_PE

Files in this item


This item appears in the following Collection(s)

  • Documentos CIUP [189]
    Centro de Investigación de la Universidad del Pacífico

Show simple item record

Except where otherwise noted, this item's license is described as info:eu-repo/semantics/openAccess