Monteiro, Joana C.M.; Assunção, Juliano J. - In: Journal of Development Economics 99 (2012) 1, pp. 105-115
This paper evaluates the impact of a program of bureaucracy simplification and tax reduction on formality among Brazilian microenterprises — the SIMPLES program. We document an increase of 13 percentage points in formal licensing among retail firms created after the program when compared to...