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Efficiency in a Search and Matching Economy with a Competitive Informal Sector
search and matching models informality efficiency
2012/10/19
We consider a dual labor market with a frictional formal sector and a competitive informal
sector. We show that the size of the informal sector is generally too large compared to the
optimal allocat...
Informal Sector and Corruption: An Empirical Investigation for India
informal sector corruption state domestic product governance India
2012/10/31
India is a country characterized by a huge informal sector. At the same time, it is a country where the extent of corruption in every sector is remarkably high. Stifling bureaucratic interference and ...