Misery Index Corrected by Informality: Applicable to Venezuela

This paper suggests a variation of the IMO index (Okun's Misery Index), adapting it to markets with these characteristics, adding the ESI level (Employment in the Informal Sector) to the unemployment level. This research compares the evolution of several standard misery indexes in several zones...

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Bibliographic Details
Main Authors: Josefa Ramoni Perazzi, Giampaolo Orlandoni Merli
Format: Article
Language:English
Published: Universidad EAFIT 2013-11-01
Series:Ecos de Economía
Subjects:
Online Access:http://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/2297