1: Conceptual Questions -- “The Subterranean Economy, Redux” -- “The Meaning of the ‘Underground Economy’ and the Full Compliance Deficit” -- “Subterranean Labor Markets: A Conceptual Analysis” -- “Crime: What Should be Recorded in the National Accounts, and What Difference...

This paper analyses how tax morale and countries’ institutional quality affect the shadow economy, controlling in a multivariate analysis for a variety of potential factors. The literature strongly emphasizes the quantitative importance of these factors to understand the level and changes of...