Inequality, Institutions, and Informality
This paper presents theory and evidence on the determinants of the size of the informal sector. We propose a simple theoretical model in which the informal sector's size is negatively related to institutional quality and positively related to income inequality. These predictions are then empirically validated using different proxies of the size of the informal sector, income inequality, and institutional quality. The results are shown to be robust with respect to a variety of econometric specifications.
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| Format: | Working Papers biblioteca |
| Language: | English |
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Inter-American Development Bank
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| Subjects: | Economy, Social Development, WP-516, |
| Online Access: | http://dx.doi.org/10.18235/0010954 https://publications.iadb.org/en/inequality-institutions-and-informality |
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dig-bid-node-101902024-05-30T20:25:17ZInequality, Institutions, and Informality 2004-09-01T00:00:00+0000 http://dx.doi.org/10.18235/0010954 https://publications.iadb.org/en/inequality-institutions-and-informality Inter-American Development Bank Economy Social Development WP-516 This paper presents theory and evidence on the determinants of the size of the informal sector. We propose a simple theoretical model in which the informal sector's size is negatively related to institutional quality and positively related to income inequality. These predictions are then empirically validated using different proxies of the size of the informal sector, income inequality, and institutional quality. The results are shown to be robust with respect to a variety of econometric specifications. Inter-American Development Bank Mark Gradstein Alberto E. Chong Working Papers application/pdf IDB Publications en |
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Estados Unidos |
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US |
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Bibliográfico |
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biblioteca |
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America del Norte |
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Biblioteca Felipe Herrera del BID |
| language |
English |
| topic |
Economy Social Development WP-516 Economy Social Development WP-516 |
| spellingShingle |
Economy Social Development WP-516 Economy Social Development WP-516 Inter-American Development Bank Inequality, Institutions, and Informality |
| description |
This paper presents theory and evidence on the determinants of the size of the informal sector. We propose a simple theoretical model in which the informal sector's size is negatively related to institutional quality and positively related to income inequality. These predictions are then empirically validated using different proxies of the size of the informal sector, income inequality, and institutional quality. The results are shown to be robust with respect to a variety of econometric specifications. |
| author2 |
Mark Gradstein |
| author_facet |
Mark Gradstein Inter-American Development Bank |
| format |
Working Papers |
| topic_facet |
Economy Social Development WP-516 |
| author |
Inter-American Development Bank |
| author_sort |
Inter-American Development Bank |
| title |
Inequality, Institutions, and Informality |
| title_short |
Inequality, Institutions, and Informality |
| title_full |
Inequality, Institutions, and Informality |
| title_fullStr |
Inequality, Institutions, and Informality |
| title_full_unstemmed |
Inequality, Institutions, and Informality |
| title_sort |
inequality, institutions, and informality |
| publisher |
Inter-American Development Bank |
| url |
http://dx.doi.org/10.18235/0010954 https://publications.iadb.org/en/inequality-institutions-and-informality |
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AT interamericandevelopmentbank inequalityinstitutionsandinformality |
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