TY  - RPRT
        AU  - Charlot, Olivier
AU  - Malherbet, Franck
AU  - Ulus, Mustafa
        TI  - Efficiency in a Search and Matching Economy with a Competitive Informal Sector
        PY  - 2012/Oct/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6935
        UR  - https://www.iza.org/index.php/publications/dp6935
        AB  - 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 allocation of the workers. It follows that our results give a rationale to informality-reducing policies.
        KW  - search and matching models
KW  - informality
KW  - efficiency
        ER  -