On the determinants and consequences of informal contracting

As documented by Macauley and others, informal contracts are pervasive in modern economies. Yet, systematic empirical evidence on them is still limited. In this paper, we provide a framework to investigate the determinants and consequences of informal contracting. First, we present an illustrative m...

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Detalles Bibliográficos
Autores: Gil, R. (Ricard)|||/items/b4e033fc-53ca-49b3-9986-2af37638442d, Zanarone, G. (Giorgio)|||/items/f3c26215-d279-44bf-a414-bda6af531691
Tipo de recurso: artículo
Fecha de publicación:2018
País:España
Institución:Consejo Superior de Investigaciones Científicas (CSIC)
Repositorio:Dadun. Depósito Académico Digital de la Universidad de Navarra
Idioma:inglés
OAI Identifier:oai:dadun.unav.edu:10171/117060
Acceso en línea:https://hdl.handle.net/10171/117060
Access Level:acceso abierto
Palabra clave:Contract labor
Labor economics
Contract employment
Informal sector
Economic structure
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spelling On the determinants and consequences of informal contractingGil, R. (Ricard)|||/items/b4e033fc-53ca-49b3-9986-2af37638442dZanarone, G. (Giorgio)|||/items/f3c26215-d279-44bf-a414-bda6af531691Contract laborLabor economicsContract employmentInformal sectorEconomic structureAs documented by Macauley and others, informal contracts are pervasive in modern economies. Yet, systematic empirical evidence on them is still limited. In this paper, we provide a framework to investigate the determinants and consequences of informal contracting. First, we present an illustrative model that organizes key predictions from the theoretical literature. Next, we discuss selected empirical works that shed light on the model's relevance and testability. Overall, we find combined support for most theoretical predictions from the model, and we observe that significant progress has been made over time at measuring key determinants of informal contracting such as the parties’ discount factor and fallback option. We conclude by discussing strategies for testing theoretical predictions for which conclusive evidence is still missing.WileyDadun. Depósito Académico Digital Universidad de Navarra20182018-03-3020182018-03-30journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10171/117060reponame:Dadun. Depósito Académico Digital de la Universidad de Navarrainstname:Consejo Superior de Investigaciones Científicas (CSIC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:dadun.unav.edu:10171/1170602026-06-21T12:47:57Z
dc.title.none.fl_str_mv On the determinants and consequences of informal contracting
title On the determinants and consequences of informal contracting
spellingShingle On the determinants and consequences of informal contracting
Gil, R. (Ricard)|||/items/b4e033fc-53ca-49b3-9986-2af37638442d
Contract labor
Labor economics
Contract employment
Informal sector
Economic structure
title_short On the determinants and consequences of informal contracting
title_full On the determinants and consequences of informal contracting
title_fullStr On the determinants and consequences of informal contracting
title_full_unstemmed On the determinants and consequences of informal contracting
title_sort On the determinants and consequences of informal contracting
dc.creator.none.fl_str_mv Gil, R. (Ricard)|||/items/b4e033fc-53ca-49b3-9986-2af37638442d
Zanarone, G. (Giorgio)|||/items/f3c26215-d279-44bf-a414-bda6af531691
author Gil, R. (Ricard)|||/items/b4e033fc-53ca-49b3-9986-2af37638442d
author_facet Gil, R. (Ricard)|||/items/b4e033fc-53ca-49b3-9986-2af37638442d
Zanarone, G. (Giorgio)|||/items/f3c26215-d279-44bf-a414-bda6af531691
author_role author
author2 Zanarone, G. (Giorgio)|||/items/f3c26215-d279-44bf-a414-bda6af531691
author2_role author
dc.contributor.none.fl_str_mv Dadun. Depósito Académico Digital Universidad de Navarra
dc.subject.none.fl_str_mv Contract labor
Labor economics
Contract employment
Informal sector
Economic structure
topic Contract labor
Labor economics
Contract employment
Informal sector
Economic structure
description As documented by Macauley and others, informal contracts are pervasive in modern economies. Yet, systematic empirical evidence on them is still limited. In this paper, we provide a framework to investigate the determinants and consequences of informal contracting. First, we present an illustrative model that organizes key predictions from the theoretical literature. Next, we discuss selected empirical works that shed light on the model's relevance and testability. Overall, we find combined support for most theoretical predictions from the model, and we observe that significant progress has been made over time at measuring key determinants of informal contracting such as the parties’ discount factor and fallback option. We conclude by discussing strategies for testing theoretical predictions for which conclusive evidence is still missing.
publishDate 2018
dc.date.none.fl_str_mv 2018
2018-03-30
2018
2018-03-30
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10171/117060
url https://hdl.handle.net/10171/117060
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Wiley
publisher.none.fl_str_mv Wiley
dc.source.none.fl_str_mv reponame:Dadun. Depósito Académico Digital de la Universidad de Navarra
instname:Consejo Superior de Investigaciones Científicas (CSIC)
instname_str Consejo Superior de Investigaciones Científicas (CSIC)
reponame_str Dadun. Depósito Académico Digital de la Universidad de Navarra
collection Dadun. Depósito Académico Digital de la Universidad de Navarra
repository.name.fl_str_mv
repository.mail.fl_str_mv
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