When an unknown and untested research firm in an online report accused publicly traded Orient Paper Inc. of chronic financial fraud, the company's stock fell almost 40 percent in the three days following the publication. This case is representative of a broader shift in how capital markets...

This paper explores possible causal determinants of changing wage and salary informality over the period 2000–2010 in Brazil. We utilize demographic census and other institutional data sources from the opening and closing years of the decade, informality regressions in both years that exploit...

Rural non-agricultural employment (RNAE) is being increasingly emphasized as a potential pathway out of rural poverty for people who are unable to secure their income in agriculture. Although average earnings in the rural non-agricultural sector are higher than in agriculture, it is unclear...

This paper analyses the role of government effectiveness in the determination of informal employment. A theoretical model is developed, in which local governance and worker skill level are assumed to influence the decision of the worker whether to seek employment in the formal or informal...

By paying particular attention to the local economic context, this paper analyzes rural non-agricultural employment and earnings in non-agricultural jobs. The empirical analysis is based on the Brazilian Demographic Census, allowing for disaggregated controls for the local economy. Education...

<title>A<sc>bstract</sc> </title> This article analyses the role of government effectiveness in the determination of informal employment. A theoretical model is developed, in which local governance and worker skill level are assumed to influence the decision of the worker whether to seek employment in the formal or...