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On the Aggregate Implications of Removing Barriers to Formality - Review

This article examines the aggregate implications of several policies aimed at removing barriers to formality. To this end, we build a dynamic equilibrium model in which heterogeneous agents choose to work for a wage or operate a technology in the formal or informal sector, based on the costs and benefits associated with these occupational choices. 

research.stlouisfed.org/.../05/01/on-the-aggregate-implications-of-removing-barriers-to-formality

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Catalina Granda 1 items

Franz Hamann 1 items

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