Abstract
Urban labor markets that are characterized by the absence or ineffectiveness of regulation by legal and bureaucratic institutions can nonetheless be subject to powerful institutional forces based on customary norms, group cohesion, kinship, and social networks. Using insights derived from the New Institutional Economics, this argument is illustrated with three examples from the construction labor market in Egypt, where formal and informal institutions performing similar functions are contrasted. In each case the informal institution is found to be significantly more important in shaping labor market relations.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 925-939 |
| Number of pages | 15 |
| Journal | World Development |
| Volume | 21 |
| Issue number | 6 |
| DOIs | |
| State | Published - Jan 1 1993 |
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Formal and informal institutions in the labor market, with applications to the construction sector in Egypt. / Assaad, Ragui.
In: World Development, Vol. 21, No. 6, 01.01.1993, p. 925-939.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Formal and informal institutions in the labor market, with applications to the construction sector in Egypt
AU - Assaad, Ragui
PY - 1993/1/1
Y1 - 1993/1/1
N2 - Urban labor markets that are characterized by the absence or ineffectiveness of regulation by legal and bureaucratic institutions can nonetheless be subject to powerful institutional forces based on customary norms, group cohesion, kinship, and social networks. Using insights derived from the New Institutional Economics, this argument is illustrated with three examples from the construction labor market in Egypt, where formal and informal institutions performing similar functions are contrasted. In each case the informal institution is found to be significantly more important in shaping labor market relations.
AB - Urban labor markets that are characterized by the absence or ineffectiveness of regulation by legal and bureaucratic institutions can nonetheless be subject to powerful institutional forces based on customary norms, group cohesion, kinship, and social networks. Using insights derived from the New Institutional Economics, this argument is illustrated with three examples from the construction labor market in Egypt, where formal and informal institutions performing similar functions are contrasted. In each case the informal institution is found to be significantly more important in shaping labor market relations.
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UR - http://www.scopus.com/inward/citedby.url?scp=0027761246&partnerID=8YFLogxK
U2 - 10.1016/0305-750X(93)90052-B
DO - 10.1016/0305-750X(93)90052-B
M3 - Article
AN - SCOPUS:0027761246
VL - 21
SP - 925
EP - 939
JO - World Development
JF - World Development
SN - 1873-5991
IS - 6
ER -