Informality Revisited

The author develops a view of the informal sector in developing countries primarily as an unregulated micro-entrepreneurial sector and not as a disadvantaged residual of segmented labor markets. Drawing on recent work from Latin America, he offers...

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Bibliographic Details
Main Author:	Maloney, William
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	BANKING SYSTEM CAPITAL FLOWS CAPITAL PROJECTS CHILD LABOR DAY CARE DECENTRALIZATION DISCRIMINATION ECONOMIC ANALYSIS ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ELASTICITIES EMPIRICAL EVIDENCE EMPLOYMENT ENTREPRENEURSHIP EXCHANGE RATE FAMILIES HEALTH CARE HOUSING INCOME INCOME TAXES INDIVIDUAL ACCOUNTS INFLATION INSURANCE LABOR COSTS LABOR FORCE LABOR LEGISLATION LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LEGISLATION MARKET DISTORTIONS MIGRATION MINIMUM WAGES MORTALITY MOTHERS OCCUPATIONS OPPORTUNITY COSTS PENSIONS POLITICAL ECONOMY PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC GOODS PURCHASING POWER RETIREMENT RIGID WAGES RISK TAKING SAFETY SAFETY NETS SAVINGS SECURITIES SELF EMPLOYMENT SOCIAL NETWORKS SOCIAL PROTECTION SOCIAL RESEARCH SOCIAL SECURITY STREAMS TAX SYSTEMS TRANSPORT UNEMPLOYMENT URBANIZATION WAGES WORKERS YOUNG WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2003/01/2128871/informality-revisited http://hdl.handle.net/10986/19181

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Summary:	The author develops a view of the informal sector in developing countries primarily as an unregulated micro-entrepreneurial sector and not as a disadvantaged residual of segmented labor markets. Drawing on recent work from Latin America, he offers alternative explanations for many of the characteristics of the informal sector customarily regarded as evidence of its inferiority.

Informality Revisited

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