Bennett, John; Gould, Matthew; Rablen, Matthew D. - In: IZA Journal of Labor & Development 1 (2012), pp. 1-17
We model an urban labour market in a developing economy, incorporating workers’ risk attitudes. Trade-offs between risk … employment. Greater risk of informal wage non-payment can raise or lower informal wage employment, depending on the source of … risk. Informal wage employment can be reduced by increasing detection efforts or by strengthening contract enforcement for …