On the Aggregate Implications of Removing Barriers to Formality

Publicado en

  • Federal Reserve Bank of St. Louis 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.

fecha de publicación

  • 2020


  • 102


  • 2