000331318 001__ 331318
000331318 005__ 20230304054407.0
000331318 041__ $$aeng
000331318 245__ $$aThe Effects of Increasing Openness and Integration to the MERCOSUR on the Uruguayan Labour Market: A CGE Modeling Analysis
000331318 260__ $$c2005
000331318 269__ $$a2005
000331318 300__ $$a48
000331318 336__ $$aConference Paper/ Presentation
000331318 500__ $$aPresented at the 9th Annual Conference on Global Economic Analysis, Addis Ababa, Ethiopia
000331318 520__ $$aUruguay is a small economy. Its integration to MERCOSUR has increased the exposure to regional macroeconomic instability. The aim of this paper is to assess the impact of regional integration on the country’s labour market and poverty. We estimated wage differentials between labour categories, finding a 60 percent wage gap between formal and informal workers. A CGE model with an efficiency wage specification for unskilled labour was built, with results showing that regional shocks deeply affect the Uruguayan economy. The consideration of an efficiency wage model is particularly important when shocks lead to a reallocation of resources towards sectors intensive in unskilled labour. A subsidy on formal, unskilled labour could contribute to decrease informality and therefore increase GDP, but this type of policy needs to be carefully implemented because it may have negative effects on investment. Finally, the effects on poverty and income distribution obtained through microsimulations are consistent with the results of the CGE experiments.
000331318 546__ $$aEnglish
000331318 650__ $$aLabor and Human Capital
000331318 650__ $$aFood Security and Poverty
000331318 6531_ $$aUruguay
000331318 6531_ $$alabour market
000331318 6531_ $$ageneral equilibrium model
000331318 6531_ $$aregional integration
000331318 6531_ $$aefficiency wage
000331318 6531_ $$amicrosimulation
000331318 6531_ $$apoverty
000331318 700__ $$aTerra, Maria Ines
000331318 700__ $$aBucheli, Marisa
000331318 700__ $$aLaens, Silvia
000331318 700__ $$aEstrades, Carmen
000331318 773__ $$j2004
000331318 8564_ $$9e3c85e0f-58e8-4680-8d03-9a16c9cf07e6$$s343547$$uhttps://ageconsearch.umn.edu/record/331318/files/1807.pdf
000331318 909CO $$ooai:ageconsearch.umn.edu:331318$$pGLOBAL_SET
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000331318 980__ $$a2457