Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35190
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dc.contributor.authorBennett, Johnen_US
dc.date.accessioned2008-07-30en_US
dc.date.accessioned2010-07-07T11:34:39Z-
dc.date.available2010-07-07T11:34:39Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-20080619276en_US
dc.identifier.urihttp://hdl.handle.net/10419/35190-
dc.description.abstractAn industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values. The industry equilibrium is compared to one in which informality is prohibited. With relatively high product demand, the effect of entrepreneurs being free to choose informality is that consumer surplus and total employment are reduced, but profit is redistributed towards more able entrepreneurs. With relatively low product demand the opposite effects obtain. We also show that informality may be a built-in stabilizer or destabilizer.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion Papers |x3550en_US
dc.subject.jelO17en_US
dc.subject.ddc330en_US
dc.subject.keywordFormalityen_US
dc.subject.keywordinformalityen_US
dc.subject.keywordsocial welfareen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwDualökonomieen_US
dc.subject.stwInformeller Sektoren_US
dc.subject.stwIndustrieökonomiken_US
dc.subject.stwGesamtwirtschaftliche Nachfrageen_US
dc.subject.stwWohlfahrtseffekten_US
dc.subject.stwTheorieen_US
dc.titleFormality, informality, and social welfareen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn571194443en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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