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Firms, informality, and development: theory and evidence from Brazil

Abstract:

This paper develops and estimates an equilibrium model where heterogeneous firms can exploit two margins of informality: (i) not register their business, the extensive margin; and (ii) hire workers "off the books," the intensive margin. The model encompasses the main competing frameworks for understanding informality and provides a natural setting to infer their empirical relevance. The counterfactual analysis shows that once the intensive margin is accounted for, firm and labor informality n...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Publisher copy:
10.1257/aer.20141745

Authors


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Institution:
University of Oxford
Division:
Social Sciences Division
Department:
Economics
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Funding agency for:
Ulyssea, G
Publisher:
American Economic Association Publisher's website
Journal:
American Economic Review Journal website
Volume:
108
Issue:
8
Pages:
2015-2047
Publication date:
2018-07-25
Acceptance date:
2018-01-09
DOI:
ISSN:
0002-8282
Pubs id:
pubs:944046
URN:
uri:553b76be-e2f7-4db0-b5a5-d5342b48e453
UUID:
uuid:553b76be-e2f7-4db0-b5a5-d5342b48e453
Local pid:
pubs:944046

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