. The industry equilibrium is compared to one in which informality is prohibited. With relatively high product demand, the … effect of entrepreneurs being free to choose informality is that consumer surplus and total employment are reduced, but … also show that informality may be a built-in stabilizer or destabilizer. …

Informality is a defining characteristic of labor markets in developing and transition countries. This paper analyzes …. Simulations show that structural state dependence is weak and that transition rates from informal to formal employment are not …

Informality is a salient feature of labor market in Egypt as it is the case with many developing countries. This is the …

quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor … and long-run growth. Our model can generate transitory informality equilibria or informality-induced poverty traps. Its … calibration reveals that the case for the poverty-trap hypothesis is strong: although informality serves to protect low …

promoting informality and reducing participation rates. These effects can be important enough to deserve consideration in policy …

formal jobs rationing is limited and that mandatory pension contributions play an sizeable role in encouraging informality …

This paper investigates how informality can be defined and measured in the Turkish labor market. Two alternative … definitions of informality are used to explore their relevance and implications for the Turkish labor market using descriptive … characteristics to the likelihood of informality are investigated using multivariate probit analysis under the two definitions. The …