Informality as a stepping stone: A search-theoretical assessment of informal sector and government policy
This paper develops a model of sequential job search to understand the factors determining the effect of tax and enforcement policies on the size (i.e., employment share) of informal sector. The focus is on the role of informal sector as a stepping stone to formal jobs. I argue that the stepping-sto...
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| Format: | Article |
| Language: | English |
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Elsevier
2016-09-01
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| Series: | Central Bank Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1303070116300300 |