This document studies the macroeconomics determinants of the informal labor in Colombia. I use several definitions of informality and I study the main factors that affect the informality. I found that the informality is related negatively with the education of the working population and the...

This paper argues that contrary to conventional wisdom, Somali piracy is likely to increase if Somalia's domestic stability is improved, and that naval counter-piracy efforts had limited and unpredicted effects. To make this argument we analyze the underlying factors driving piracy off the coast...

The shadow (underground) economy plays a major role in many countries. People evade taxes and regulations by working in the shadow economy or by employing people illegally. On the one hand, this unregulated economic activity can result in reduced tax revenue and public goods and services, lower...

This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...

This research extends simple two-sector models in order to inquire the impact of the extent of coverage or enforcement of minimum wage legislation in one of the sectors on the equilibrium outcome. Two versions of institutional wage avoidance are presented. They may be seen as representing...

Given that 60 per cent of the global workforce is in the informal sector, this article develops a typology that classifies economies according to, firstly, where different countries sit on a continuum of informalization and, secondly, the character of their informal sectors. This is then applied...

Purpose – The magnitude of the informal economy has been estimated using either indirect measurement methods that employ proxy indicators or small-scale household surveys. This paper seeks to provide an analysis of the findings of the first direct survey in an advanced market economy of...

To evaluate the validity of distinguishing between opportunity and necessity entrepreneurship, this paper investigates the motives of entrepreneurs who conduct some or all of their transactions on an off-the-books basis. Reporting empirical evidence from England on the motives of such...

This paper evaluates critically the neo-liberal perspective which contends that informal employment results from high taxes, public sector corruption and too much state interference in the free market and that the consequent remedy is to reduce taxes, public sector corruption and the regulatory...