Jump to ContentJump to Main Navigation
Law and EmploymentLessons from Latin America and the Caribbean$
Users without a subscription are not able to see the full content.

James J. Heckman and Carmen Pages

Print publication date: 2004

Print ISBN-13: 9780226322827

Published to Chicago Scholarship Online: March 2013

DOI: 10.7208/chicago/9780226322858.001.0001

Show Summary Details
Page of

PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 04 April 2020

Labor Market Reforms and Their Impact over Formal Labor Demand and Job Market Turnover

Labor Market Reforms and Their Impact over Formal Labor Demand and Job Market Turnover

The Case of Peru

Chapter:
(p.131) 2 Labor Market Reforms and Their Impact over Formal Labor Demand and Job Market Turnover
Source:
Law and Employment
Author(s):

Jaime Saavedra

Máximo Torero

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226322858.003.0003

This chapter analyzes the legal context regarding the probationary period, severance payments, nonwage costs, and temporary contracts, all factors that affect firm and worker behavior. It also describes changes in employment in Metropolitan Lima during the period of analysis and discusses how informality and temporary contracts have been mechanisms through which firms avoid paying mandated benefits and firing costs. The chapter presents results of labor demand estimations at both the sectoral and firm levels. Finally, it analyzes basic patterns of employment duration. In order to assess possible impacts of labor laws, the chapter compares patterns of the self-employed with those of wage earners in the formal and informal sectors. It presents a comparison of job duration among different groups of workers using empirical hazards, and shows the results of exponential hazards functions.

Keywords:   labor market reforms, labor demand, market turnover, Peru, worker behavior, severance payments

Chicago Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.