This paper presents evidence on the labor market effects of social assistance programs in the short and medium run. We evaluate the impact of a Conditional Cash Transfer (CCT) program “Familias ...

In the literature on development and modernization, it has been expected that with economic growth and a consequent increase in per capita income, the dualism between the formal and informal ...

This paper evaluates the impact of a VAT rate increase on bank account ownershipby Mexican micro-entrepreneurs considering informality as the main channel of this effect. Using two rounds of a ...

Micro firmscan be seen as potential growth drivers, as they are usually related to entrepreneurship, a relatively high share of micro firms can also be a sign of an underdeveloped productive ...

Our paper aims at unveiling how much the monetary policy shall deviate from the zero-inflation allocation in an economy with a large informal sector. A first insight is thatinformality amplifies ...

This paper develops a multi-industry general equilibrium model where en-trepreneurs within each industry can decide to operate formally or informally.The model yields a rich set of predictions ...

This paper describes the effects of pension benefits on pre-retirement labor supplyfor a representative sample of Chilean workers. Using non-linearities in benefits and areform that changed ...

We undertake an extended discussion of the latest developments about the existingand newestimation methods of the shadow economy. New results on the shadow economy for 158 countries all over ...

High and persistent labour informality has been a major problem for Latin American economies where most workers are excluded from social protectionandhave low and variable incomes.In the case ...

In 2012, the Colombian Government reduced employer payroll contributions from 29.5 to 16.0 percent. Two years later, the informality rate had diminished by about 4.0 per-centage points. This ...