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Wage stickiness in Italy is much weaker for the informal sector

We find that the wage differential between formal/regulated and informal/unregulated sectors increased after 2008. Moreover, while wages in the informal sector decreased by about 20% in 2008-13, wages in the formal sector virtually did not fall. This is consistent with the view of a substantial downward stickiness of wages in the regulated labour market. Importantly, […] The post Wage stickiness in Italy is much weaker for the informal sector appeared first on Marginal REVOLUTION.
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