against such negative shocks as ill-health. Reducing informality requires better enforcement, more reasonable regulation, and …

countries over time, particularly when informality is lower. As the size of informal economy becomes larger, however, financial … informality can help countries with lower levels of financial development catch up with the countries with more developed … show that higher informality is also associated with weaker income convergence across countries over time. …

and implicitly mistaken for lucrative tax bases. First, I critically interrogate current conceptualizations of informality … to highlight how the informality that materially affects revenue mobilization goes beyond the hitherto narrow focus on … the visible informal sectors. I then demonstrate that informality is only one among many factors negatively associated …