McCulloch, Neil; Schulze, Günther G.; Voss, Janina - 2010
of them microenterprises, and analyze the effect of formalization on tax payments, corruption, access to credit and … revenue, taking into account the endogeneity of the formalization decision to such benefits and costs. We show, contrary to … most of the literature, that formalization reduces tax and corruption payments. The benefits of formalization, and …