endogenous steady state distribution of human capital and by an endogenous formality rate. The model is estimated on longitudinal … for a job. Jobs can be formal or informal and firms post the formality status. The equilibrium is characterized by an … raise to informality. …

equality between the two states, cautioning against aggregating them in a common "informality state." The parametric model … literature using search models to study labor market informality: should informal self-employment and informal employment as …

search for a job as unemployed or as self-employed. Firms optimally decide the formality status of the job and bargain with … informality may be reduced by either increasing or decreasing the payroll tax rate in the formal sector. They also show that a … universal social security benefit system would decrease informality, incentivize schooling, and increase productivity at a …

job as unemployed or as self-employed. Firms optimally decide the formality status of the job and bargain with workers …-staggered entry across municipalities of a non-contributory social program. Policy experiments show that informality may be reduced by … benefit system would decrease informality, incentivize schooling, and increase productivity at a relative fiscal cost that is …

gender-based contribution rate for formal employees, and changes in formality and informality costs. We find that the impact …

gender-based contribution rate for formal employees, and changes in formality and informality costs. We find that the impact …

endogenous steady state distribution of human capital and by an endogenous formality rate. The model is estimated on longitudinal … for a job. Jobs can be formal or informal and firms post the formality status. The equilibrium is characterized by an … raise to informality. …