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When labor market economists started to work on segmented labor markets, they classified informal employment as a … transitory state. At the end of the 20th century, informal employment still persists governments' attempts to eradicate it and … represents a growing labor market segment not only in developing countries but worldwide. It is evident that informal employment …
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The main goal of this study is two-fold: (1) to provide a general overview of thecontributions to the literature on the informal sector, with a special focus on the PublicChoice approach; and (2) to compare these contributions across two institutionallydifferent types of countries: developed and...
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economy across the globe. Over the past quarter of a century, however, articles published in Work, Employment and Society have …
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The underground economy crucially affects growth and unemployment in both developed and developing countries. Nevertheless, this widespread phenomenon does not appear in the basic model for macroeconomic analysis, namely the Aggregate Demand-Aggregate Supply (or simply AD-AS) model. Therefore,...
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Not only has the shadow economy obviously been growing much more rapidly than the official economy in the Western industrialised countries, it also appears to have a growth cycle of its own, running counter to the official economy's growth cycle. This raises a number of important questions for...
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