INEQUALITY, INFORMALITY, AND CREDIT MARKET IMPERFECTIONS
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DOI: 10.1017/s1365100516000663
Abstract: This paper develops a microfounded macroeconomic modeling framework to investigate the relationship between informality and the income distribution. We show that multiple equilibria may rise if credit markets are imperfect and that there is a… read more here.
Keywords: informality rate; credit; level inequality; inequality ... See more keywords