Firms, Informality, and Development: Theory and Evidence from Brazil

This paper develops and estimates an equilibrium model where heterogeneous firms can exploit two margins of informality: (i) not register their business, the extensive margin; and (ii) hire workers “off the books,” the intensive margin. The model encompasses the main competing frameworks for underst...

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Bibliographic Details
Published in:The American economic review 2018-08, Vol.108 (8), p.2015-2047
Main Author: Ulyssea, Gabriel
Format: Article
Language:English
Subjects:
Economic models
Economic policy
Equilibrium
Policy making
Welfare
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