Labor regulations and the informal economy (English)

The informal economy, which evades labor regulations, provides employment for much of the labor force in developing countries. The author explores how labor regulations and imperfections in informal capital markets affect income inequality and the speed of industrialization. Empirical evidence shows that labor costs are higher in the formal sector, and that the cost of capital is higher in the informal sector (in part because many informal activities...

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Author

Loayza, Norman V.;
Document Date
1994/08/31
Document Type
Policy Research Working Paper
Report Number
WPS1335
Volume No
1
Total Volume(s)
1
Disclosure Date
2010/07/01
Doc Name
Labor regulations and the informal economy
Keywords
informal sector

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Citation

Loayza, Norman V..

Labor regulations and the informal economy (English). Policy, Research working paper ; no. WPS 1335 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/716251468766202114

Labor regulations and the informal economy (English)

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