Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/193427 
Year of Publication: 
2018
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 442 [Publisher:] Institute of Labor Economics (IZA) [Place:] Bonn [Year:] 2018
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
There are more informal workers than formal workers across the globe, and yet there remains confusion as to what makes workers or firms informal and how to measure the extent of it. Informal work and informal economic activities imply large efficiency and welfare losses, in terms of low productivity, low earnings, sub-standard working conditions, and lack of social insurance coverage. Rather than quibbling over definitions and measures of informality, it is crucial for policymakers to address these correlates of informality in order to mitigate the negative efficiency and welfare effects.
Subjects: 
definition of informality
informal employment
measurement
correlates of being informal
JEL: 
J08
J46
E26
J32
Persistent Identifier of the first edition: 
Document Type: 
Article

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