Nota de Política 40

Proyecto CoVIDA

Autores: Rachid Laajaj, Ignacio Sarmiento-Barbieri, Camilo De Los Rios, Danilo Aristizabal, Eduardo Behrentz, Raquel Bernal, Giancarlo Buitrago, Zulma Cucunuba, Fernando de la Hoz, Alejandro Gaviria, Luis Jorge Hernández, Leonardo León, Diane Moyano, Elkin Osorio, Andrea Ramírez Varela, Silvia Restrepo, Rodrigo Rodriguez, Norbert Schady, Martha Vives, y Duncan Webb.

Este trabajo junto con varios esfuerzos adicionales del proyecto CoVIDA permitieron llegar a recomendaciones prácticas de política pública que compartimos aquí:

Seminario CEDE - Hernando Zuleta

Labor informality, common in Latin American economies, is both a cause of low productivity and vulnerability, and a buffer that mitigates job destruction after negative shocks. In the current circumstances, informality is also associated with a higher risk of contagion, thus reducing the willingness of households to get involved in informal activities. To understand and quantify these mechanisms, we propose an SIR model featuring a dual labor market, where households imperfectly substitute informal and formal consumption, and calibrate it to Colombian and Peruvian data.