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Diagnostico y Políticas para el sector informal en Colombia

Author

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  • Hugo López Castaño

Abstract

The "informal" economy employs some 60 percent of Colombian urban workers. It operates al the margin of legal requirements concerning social security; minimum wages, and urban zoning. The markets involved, both for labor and goods and services, are characterized by their flexibility, in sharp contrast to the rigidities of the modern sector of the economy. The implication of this is that generalized economic crises have quite a different impact on the two parts of the national economy, the modern sector being characterized by unemployment, the other by income falls. This difference requires the development of different policies for the two sectors. This paper considers public and private policies directed towards the "informal" sector and proposes an economic and judicial strategy designed to improve the situation therein.

Suggested Citation

  • Hugo López Castaño, 1986. "Diagnostico y Políticas para el sector informal en Colombia," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 21, pages 133-167.
    • Handle: RePEc:lde:journl:y:1986:i:21:p:133-167
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    File URL: https://revistas.udea.edu.co/index.php/lecturasdeeconomia/issue/view/826
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