|l Wages<br>Informal<br>(8)<br>-0.00122<br>(0.00240)<br>0.870<br>46,325<br>0.00161<br>(0.00287)<br>0.870<br>46,325<br>-0.00304<br>(0.00594)<br>46,325<br>0.403***<br>(0.0245)<br>268.9<br>46,325<br>Yes<br>Yes<br>Yes<br>rmed groups<br>on, and other<br>services, and<br>ifcant at the|
|---|
|Sample<br>Nomina<br>Formal<br>(7)<br>-0.00325<br>(0.00450)<br>0.853<br>34,168<br>0.00408<br>(0.00423)<br>0.853<br>34,168<br>-0.0103<br>(0.0143)<br>34,168<br>**rking Age)**<br>0.314***<br>(0.0225)<br>188.79<br>34,398<br>Yes<br>Yes<br>Yes<br>cks by illegal a<br>health, educati<br>in agriculture,<br>heses. _∗∗∗_sign|
|Manufacturing<br>ployment<br>Informal<br>(6)<br>-0.00128<br>(0.00500)<br>0.936<br>46,543<br>0.00170<br>(0.00562)<br>0.936<br>46,543<br>-0.00317<br>(0.0124)<br>46,543<br>**Pop in Wo**<br>0.403***<br>(0.0245)<br>269.77<br>46,543<br>Yes<br>Yes<br>Yes<br>nd i) armed atta<br>ent transfers to<br>00 GDP share<br>orted in parent|
|rs (cont’d) -<br>Total Em<br>Formal<br>(5)<br>-0.00226<br>(0.00557)<br>0.927<br>34,370<br>0.00508<br>(0.00542)<br>0.927<br>34,370<br>-0.00720<br>(0.0178)<br>34,370<br>**of IDPs (%**<br>0.314***<br>(0.0225)<br>189.1<br>34,398<br>Yes<br>Yes<br>Yes<br>ear dummies a<br>ntral governm<br>1995, viii) 20<br>by frm are rep|
|Formal Secto<br>vestment<br>Informal<br>(4)<br>-0.0173<br>(0.0220)<br>0.706<br>28,384<br>-0.0281<br>(0.0225)<br>0.706<br>28,384<br>-0.0412<br>(0.0524)<br>28,384<br>**able: Share**<br>0.403***<br>(0.0245)<br>131.79<br>28,384<br>Yes<br>Yes<br>Yes<br>teractions of y<br>s in 1995, v) ce<br>ction offces in<br>tandard errors|
|nformal and<br>Gross In<br>Formal<br>(3)<br>0.0265<br>(0.0309)<br>0.670<br>19,244<br>0.0119<br>(0.0290)<br>0.670<br>19,244<br>0.0834<br>(0.0973)<br>19,244<br>**Dep Vari**<br>0.314***<br>(0.0225)<br>156.48<br>19,244<br>Yes<br>Yes<br>Yes<br>ols include in<br>c expenditure<br>er of tax colle<br>5. Clustered s|
|Firms in the I<br>estment<br>Informal<br>(2)<br>-0.0337<br>(0.0324)<br>0.715<br>13,841<br>-0.0311<br>(0.0359)<br>0.715<br>13,841<br>-0.0717<br>(0.0706)<br>13,841<br>0.403***<br>(0.0245)<br>44.17<br>13,841<br>Yes<br>Yes<br>Yes<br>dditional contr<br>1995, iv) publi<br>95, vii) numb<br>density in 199|
|infows on<br>Net Inv<br>Formal<br>(1)<br>-0.0279<br>(0.0446)<br>0.706<br>9,251<br>-0.0241<br>(0.0545)<br>0.706<br>9,251<br>-0.107<br>(0.172)<br>9,251<br>0.314***<br>(0.0225)<br>86.25<br>9,251<br>Yes<br>Yes<br>Yes<br>regression. A<br>micide rates<br>titutions in 19<br>) night light<br>0%.|
|**Table (XI)**<br>Impacts of IDP<br>**Dependent Variables (in logs)**<br>**Panel A. Reduced Form**<br>Predicted Infows<br>Observations<br>R-squared<br>**Panel B. OLS**<br>Share of IDP (%Pop in Working Age)<br>Observations<br>R-squared<br>**Panel C. 2SLS**<br>Share of IDP (%Pop in Working Age)<br>Observations<br>**Panel D. First Stage**<br>Predicted Infows<br>First Stage F-statistic<br>Observations<br>**Controls for all Panels**<br>Year FE<br>Firm FE<br>Additional Controls<br>_Notes:_ Each coeffcient corresponds to a separate<br>in 1995, ii) fatal victims of attacks in 1995, iii) ho<br>expenditures in 1995, vi) number of fnancial ins<br>industry, ix) municipal tax income in 1995, and x<br>1%, _∗∗_signifcant at the 5%, _∗_signifcant at the 1|

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