Bosch, Mariano; Esteban-Pretel, Julen - In: Journal of Development Economics 98 (2012) 2, pp. 270-286
In developing economies, the fraction of informal workers can be as high as 70% of total employment. For economies with significant informal sectors, business cycle fluctuations and labor market policy interventions can have important effects not only on the unemployment rate, but also on the...