The authors study the effect of enforcement of labor regulation in Brazil, an economy with a large informal sector and strict labor law. Enforcement affects mainly the degree of compliance with mandated benefits (severance pay, health, and safety) in the formal sector and the registration of...

The informal sector is typically characterized as being very heterogeneous and possibly composed of two clearly distinct segments, sometimes called the lower and upper tier. However, empirical evidence shows that even among lower tier entrepreneur's profitability can be quite high. The authors...

This paper investigates the patterns of capital entry barriers and capital returns in informal Micro and Small Enterprises (MSE's) using a unique micro data set seven West-African countries. The author's findings support the view of a heterogeneous informal sector that is not primarily host to...

This note discusses two of the Philippines'biggest social assistance programs the Pantawid Pamilyang Pilipino Program, the government's first conditional cash transfer (CCT) program, and the rice subsidy program of the National Food Authority (NFA), one of the country's long-standing food-based...

In the past two decades, research on the informal sector has emphasized the heterogeneity of this part of the economy, example in terms of entry costs, firm size, and access to credit, forward- and backward linkages as well as human and physical capital endowments. Yet, not much research has...

Can cash transfers promote employment and reduce poverty in rural Africa? Will lower youth unemployment and poverty reduce the risk of social instability? The authors experimentally evaluate one of Uganda's largest development programs, which provided thousands of young people nearly...

Social benefits can potentially play an important role in protecting the poor and minimizing the impacts of an economic crisis. While many studies estimate the impacts of a crisis, there is little evidence of the actual response of social safety nets to systematic shocks. This study traces the...

This study investigates the performance of private pensions systems across countries a topic which has yet to be adequately addressed in the literature. Specifically, this study examines the relationship between pension fund performance (as captured by gross real rates of return and the three...

This note summarizes activation policy strategies in Organization for Economic Co-operation and Development (OECD) countries. Policy makers can choose from a broad menu of options. Each of them comes with potential strengths and weaknesses, but there can also be important links between them. To...

This paper presents empirical evidence on the determinants of industry-level multifactor productivity growth. It focus on traditional factors, including the process of technological catch up, human capital and R&D as well as institutional factors affecting labor adjustment costs. The link...