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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
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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
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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
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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
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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
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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
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Minimum wage, business dynamism, and the life cycle of firms
Luduvice, André Victor Doherty; Martínez, Tomás R.; … - 2024
This paper studies the effects of the minimum wage on the life cycle of firms. We first build a tractable model where heterogeneous firms have labor market power, invest in innovation, and choose formal or informal sectors. The model predicts that a minimum wage hike not only shrinks young and...
Persistent link: https://www.econbiz.de/10014529916
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A DSGE model of fiscal stabilizers and informality in Sub-Sahara Africa
Bondzie, Eric Amoo; Armah, Mark Kojo - In: Cogent economics & finance 10 (2022) 1, pp. 1-21
This paper investigates the effects of fiscal impulses on macroeconomic variables within a New-Keynesian DSGE framework featuring an informal economy that allows for the examination of the effectiveness of automatic stabilizers in stimulating some selected sub-Saharan African (SSA) economies...
Persistent link: https://www.econbiz.de/10014500318
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Entrepreneurship in the Shadows : Wealth Constraints and Government Policy
Tumen, Semih - 2016
access to two policy tools: taxes on formal business activity and enforcement (or policing) discouraging informality.The main …
Persistent link: https://www.econbiz.de/10012979858
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Entrepreneurship in the shadows : wealth constraints and government policy
Tumen, Semih - 2016
access to two policy tools: taxes on formal business activity and enforcement (or policing) discouraging informality. The …
Persistent link: https://www.econbiz.de/10011580568