Even though informal employment is wide-spread in transition economies the literature on this phenomenon in the region … is rather scarce. For policy makers it is important to know the incidence and the determinants of informal employment. In … employment and self-employment. …

reduction of informal employment in a developing country. I argue that financial services growth should lead to a decline in the … share of informal employment given that consumers whose borrowing constraints are relaxed are more likely to purchase goods … evidence in favor of a positive causal impact of consumer credit growth on formal employment, especially on low-skilled labor. …