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The devil is in the shadow :do institutions affect income and productivity or only official income and official productivity?

Dreher, Axel (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003624047

Estimating the size of the shadow economy : methods, problems and open questions

Schneider, Friedrich; Bühn, Andreas - 2013

This paper presents the various methods to estimate the size of the shadow economy, their strengths and weaknesses. The purpose of the paper is twofold. Firstly, it demonstrates that no ideal method to estimate the size and development of the shadow economy exists. Because of its flexibility,...

Persistent link: https://www.econbiz.de/10010199427

Poverty and welfare measurement on the basis of prospect theory

Jäntti, Markus; Kanbur, Ravi; Nyyssölä, Milla; … - 2013

This paper examines the measurement of social welfare, poverty and inequality taking into account reference …-dependence, loss aversion and diminishing sensitivity - aspects emphasized in Prospect Theory - to social welfare measurement. We … equivalent income. These differences are illustrated using household-level panel data from Russia and Vietnam. -- Prospect Theory …

Persistent link: https://www.econbiz.de/10009700305

Fiscal consolidation plans with underground economy

Ferrara, Maria; Marzano, Elisabetta; Varlese, Monica - 2022

Fiscal consolidation literature often neglects that there are economies with a sizable underground sector and that most of time it is accounted in GDP statistics. This produces non negligible effects on fiscal multipliers. This paper explores a fiscal consolidation plan calling for a downsizing...

Persistent link: https://www.econbiz.de/10013041319

Wages, unemployment, and the underground economy

Kolm, Ann-Sofie; Larsen, Birthe - 2003

While examining the macroeconomic effects of increased government control of the informal sector, this paper develops a two-sector general equilibrium model featuring matching frictions and worker-firm wage bargaining. Workers search for jobs in both the formal and the informal sector. We...

Persistent link: https://www.econbiz.de/10011404626

The impact of inequality on the informal economy in Latin America and the Caribbean with a MIMIC model

Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023

Vast literature is available covering main Informal Economy (IE) causes and consequences for Latin America and Caribbean (LAC), but its size estimation has been mainly limited to worldwide models applied to the region. This paper proposes a MIMIC Base Model using a data set composed by 41...

Persistent link: https://www.econbiz.de/10014285538

Corruption and the shadow economy : an empirical analysis

Dreher, Axel (contributor); Schneider, Friedrich (contributor) - 2006

This paper analyzes the influence of the shadow economy on corruption and vice versa. We hypothesize that corruption and shadow economy are substitutes in high income countries while they are complements in low income countries. The hypotheses are tested for a cross-section of 120 countries and...

Persistent link: https://www.econbiz.de/10003300991