There are more informal workers than formal workers across the globe, and yet there remains confusion as to what makes workers or firms informal and how to measure the extent of it. Informal work and informal economic activities imply large efficiency and welfare losses, in terms of low...

This paper analyzes the participation path of workers in the formal and informal sectors throughout their lives and their pension eligibilities, as well as how the social security scheme can change the aforementioned participation path. High levels of informality have impacts on the benefits...

Regional disparities in the development of regions of a country may slow the growth of the entire national economy. Determination of such disparities is required for the creation of proper economic policies, needed to take actions against factors hindering economic growth. Hidden economy is, on...

The informal economy is a phenomenon that affects most of the countries of the world, mainly tax collection potential, the generation of formal employment, productivity and business efficiency. In order to elaborate an inclusive method of the most significant current contributions, an...

Recent legalizations of cannabis at the state level in the United States have given rise to renewed interest in the price elasticity of demand for cannabis and implications for likely state excise and sales tax revenues. We use crowdsourced data on prices, qualities, and consumption of cannabis...

This paper studies the effects and causal links between the shadow economy and the unemployment rate using a dynamic simultaneous-equation panel data model for 38 developing and 40 developed countries over the 2000−2015 period. The analysis suggests that there is a unidirectional and negative...

This research is focused on realizing a better understanding of the aspects and the conditions that facilitate human traffick in a full transition society, such as the Romanian society. To highlight the characteristics of human trafficking and the actual dimensions of this phenomenon in Romania,...

Globalizing processes have profoundly shaped the European drugs situation. The illegal drug markets have reached to evolve and to transform all the advantages of this phenomenon, in their favor. Based on globalization aspects, the paper purpose is to present the main characteristics of illicit...

Cigarette smuggling is a global phenomenon and so well-organized that it poses a serious threat to public health and national economies. The aim of the article is to highlight the main definitions and classifications between illegal tobacco trade and cigarette smuggling and also to describe the...

Shadow economy affects all country around the world. European countries are affected by undeclared work, under-reporting and tax evasion. This phenomenon increases from West to East, the most affected being the Balkan area. The size of shadow economy is growing due to government actions, such as...