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Regulation, social policy and informality
Durante el 28 y 29 de mayo la Universidad del Rosario fue epicentro de trascendentales debates sobre la economía informal en el país, congregando reconocidos académicos y miembros de sectores financieros gubernamentales y ...

Optimal Redistribution with a Shadow Economy
We extend the theory of the optimal redistributive taxation to economies with an informal labor market. The optimal tax formula contains two new terms capturing reported income responses of informal workers on an intensive ...

The Informal sector and economic transformation in India
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 ...

Bank Account Ownership by Micro-entrepreneurs in Mexico
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 ...

Differences in efficiency between formal and informal micro-firms in Mexico
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 ...

Optimal Monetary policy with Informality: A Benchmark Framework
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 ...

A Bonanza for Bad Politicians: Informal Gold Mining and Criminal Candidates in Peru
How do natural resource windfalls affect the quality of politicalcandidates? Existing scholarship argues that non-tax public revenuehas a negative effect on the characteristics of candidates because ...

Shadow Economies Around the WorldWhat Did We Learn Over the Last 20 Years?
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 ...

Illuminating the shadows in U.S. States
What forces the businesses to hidein the shadows? There are two competing theories trying to explainthis behavior, one identifying high tax burdenand the other corruptionas the main force.As ...

Informal sector employment and poverty in South Africa
We examine the role that informal sector employment plays in poverty reduction using data from the National Income Dynamics Study (NIDS). Using a Shapley decomposition approach, wefind that ...
