This paper aims at discussing the implications of informality in Brazil by presenting new evidence on value added …

The current paper starts from the premise that the dynamic of the construction of informality and semiformality in the … another. Thus, informality is not, in the Brazilian case, a necessarily pernicious phenomenon that must be "eradicated" so … apparatus, that comes close to this informality, so that it can be integrated in the rule of law, as it is of the real world. …

are aimed at decreasing informality are also examined. However, it is clear that, despite the fact that they have achieved … a small decrease in the participation of informality in the whole of the economy through the 21st Century, it is still …

of formalization policies. I estimate the model and use it analyze the two main policy approaches towards informality …: increasing the costs of informality (the stick), and reducing the costs of formality (the carrot). The results show that there … welfare effects. Under either approach, informality reductions are not necessarily associated to welfare gains. …

decomposition unveils that the contribution of the flow from informality to unemployment is larger than that of the flow from formal …