Facing formalization pressures:Understanding options and choices for informal entrepreneurs

We explore the impact on informal entrepreneurs of a formalization process started by formal institutions, aiming to understand the options they have in their response to the pressure to formalize and to identify the determinants of the choice of becoming formal or remaining informal. To do so, we study the process of formalization of informal street sellers in the city of Yaoundé, Cameroon between 2004 and 2014. We find that, contrasting with...