McKenzie, David Mckenzie; Sakho, Yaye Seynabou - Institute for the Study of Labor (IZA) - 2007
levels of informality in Latin America. A new survey of micro and small firms enables us to control for a rich set of … provides firms with more information about registration, but is argued to not directly affect profits. We find tax registration … leads to significantly higher profits for the firms that the instrument affects. However, we also find evidence of …