2022-03-102022-03-102022-03-10https://repositorio.redinvestigadores.org/handle/Riec/109We conduct a lab-in-the-field experiment in which 214 rural workers must choose between a cash or a voucher payment for completing a real-effort task. Participants face a twenty-percent chance of suffering a negative shock that will reduce their cash payment by roughly two-thirds. Opting for the voucher reduces the likelihood of the shock by one-half. We employ a multiple-price list with a varying voucher payment and a fixed cash payment to study this trade-off relevant for expanding the coverage and contributions of rural labor formalization. Voucher take-up rates go from 32% to 56%, from the least to the more generous voucher. In a sample of undergrad students from the same region, take-up rates went from 17% to 33%. We find that voucher redemption costs explain take-up among students but not among rural workers. Being a rural worker with land, and receiving government subsidies in cash, predict a higher voucher take-up.30 páginasPDFengOpen AccessWorking paperC91 - Laboratory, Individual BehaviorO17 - Formal and Informal Sectors; Shadow Economy; Institutional ArrangementsR51 - Finance in Urban and Rural Economiesagriculturedual labor marketinformal labor marketMano de obra -- Trabajo informal -- Trabajo rural -- ColombiaAcceso abiertoAtribucion-NoComercial-CompartirIgual CC BY-NC-SA 4.0Informalidad