Docquier, Frédéric; Müller, Tobias; Naval, Joaquín - 2014
quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor … experiments show that using means-tested education subsidies is the most cost-effective single policy option. However, for longer … time horizons, or as the economy gets closer to the poverty trap threshold, combining means-tested education and wage …