Sep 2004
Author(s): Gradstein, Mark; Chong, Alberto E.
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…
Apr 2004
Author(s): Chong, Alberto E.; Gradstein, Mark
This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this…