How Long to Read Size Dependent Policies, Informality and Misallocation
By Ms.Era Dabla-Norris
How Long Does it Take to Read Size Dependent Policies, Informality and Misallocation?
It takes the average reader 1 hour and 2 minutes to read Size Dependent Policies, Informality and Misallocation by Ms.Era Dabla-Norris
Assuming a reading speed of 250 words per minute. Learn more
Description
We examine the effect of size-dependent policies in developing economies by focusing on a set of regulations that are applicable to firms with 20 or more formal employees in Peru. Firms can adjust to the regulations by (a) reducing their size, (b) shifting employment composition, or (c) splitting into subunits that fall below the regulatory threshold. We show that these actions are consistent with observed discontinuities in the distributions of firm size and employment composition. We extend the framework proposed by Garicano et al. (2016) to model and estimate the Peruvian economy and perform counterfactual exercises. Size-dependent regulations are costly for the economy, especially in the presence of labor market rigidities, and lead to lower aggregate wages, profits, and output. We also find that access to informal labor does not mitigate the economic impact of the size-dependent regulations, as the increase in informal employment is largely offset by a decline in formal employment.
How long is Size Dependent Policies, Informality and Misallocation?
Size Dependent Policies, Informality and Misallocation by Ms.Era Dabla-Norris is 62 pages long, and a total of 15,624 words.
This makes it 21% the length of the average book. It also has 19% more words than the average book.
How Long Does it Take to Read Size Dependent Policies, Informality and Misallocation Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 25 minutes to read Size Dependent Policies, Informality and Misallocation aloud.
What Reading Level is Size Dependent Policies, Informality and Misallocation?
Size Dependent Policies, Informality and Misallocation is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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