We use an equilibrium search framework to model a formal- informal sector labour
market where the informal sector arises endogenously. In our model large firms will
be in the formal sector and pay a wage premium, while ...
We develop a model where workers may enter self-employment or search for jobs as employees and where there is heterogeneity across workers’ managerial ability. Workers
with higher skills will manage larger firms while ...
We estimate the wage penalty associated with working in the South African informal sector. To this end we use a rich data set on non-self employed males that allows one to accurately distinguish workers employed in the ...
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