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Informality, saving and wealth inequality in Colombia

Granda Carvajal, Catalina; Hamann S., Franz A. - 2015

The informal sector is an extensive phenomenon in developing countries. While some of its implications have drawn considerable attention in the literature, one relatively unexplored aspect has to do with the saving patterns of workers and firms and how these might influence aggregate savings and...

Persistent link: https://www.econbiz.de/10011290050

The informal sector in contemporary models of the aggregate economy

Leal, Julio - 2014

affected by the presence of informality and how such distortions have an impact on aggregate variables. The authors in this … informality that is increasing with firm size: reducing informality entails a tradeoff because there are some distortions … show that, in general, reducing informality brings gains. In conclusion, substantial progress has been made in …

Persistent link: https://www.econbiz.de/10010437139

Tolerance of noncompliance : discretion rather than simple rules?

Forteza, Alvaro; Noboa, Cecilia - In: Estudios de economía 46 (2019) 1, pp. 31-59

We argue that societies sometimes choose not to enforce the law to gain “flexibility”. Especially developing countries face a dilemma between discretion and commitment to only partially-contingent rules. Rules are good for incentives, but discretion may be more “flexible”. We embed this...

Persistent link: https://www.econbiz.de/10012025200

Determinants of transitions across formal

Tansel, Aysıt; Ozdemir, Zeynel Abidin - 2015

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

Persistent link: https://www.econbiz.de/10010469678

Workforce composition, productivity, and labor regulations in a compensating differentials theory of informality

Haanwinckel, Daniel; Soares, Rodrigo Reis - 2016

closely reproduces the decline in informality observed between 2003 and 2012. The change in the composition of the labor force … the effectiveness of a progressive payroll tax in reducing informality. …

Persistent link: https://www.econbiz.de/10011476551

Female labor force participation, labor market dynamic, and growth

Bustelo, Monserrat; Flabbi, Luca; Piras, Claudia; … - 2019

The labor force participation of women is lower than the labor force participation of men. This empirical regularity is particularly acute in Latin America and the Caribbean (LAC). In terms of labor market productivity and growth potential, these lower participation rates constitute a reserve of...

Persistent link: https://www.econbiz.de/10011959234

Informality, consumption taxes and redistribution

Bachas, Pierre; Gadenne, Lucie; Jensen, Anders - 2022

Can taxes on consumption redistribute in developing countries? Contrary to consensus, we show that taxing consumption is progressive once we account for informal consumption. Using household expenditure surveys in 32 countries we proxy for informal consumption using the type of store where...

Persistent link: https://www.econbiz.de/10013465637

Cross-subsidies, and the elasticity of informality to social expenditures

Alonso Ortiz, Jorge; Leal, Julio - 2014

frictions model with informality, (ex post) heterogeneous workers, and conditional taxes and transfers. In the model, formal … informality is quite inelastic due to frictions, and due to the opposing forces of taxes and transfers. …

Persistent link: https://www.econbiz.de/10010459828

The NAIRU and informality in the Mexican labor market

Aguilar-Argaez, Ana María; Alcaraz, Carlo; Ramírez, … - 2020

includes informality as an indicator of labor underutilization. We find that both measures of NAIRU and the associated labor … informality seems to predict inflationary pressures more accurately when the unemployment gap is close to zero. …

Persistent link: https://www.econbiz.de/10012240303

Finance, informal competition, and expectations : a firm-level analysis

Brancati, Emanuele; Di Maio, Michele; Rahman, Aminur - 2022

This paper documents the link between finance and informal competition. Using longitudinal firm-level data, we show that formal firms that are more exposed to the competition of informal firms are less likely to apply for a bank loan. This result is not due to sample selection, omitted variable...

Persistent link: https://www.econbiz.de/10013288107