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Informality

Author

Listed:
  • Gabriel Ulyssea
  • Matteo Bobba

    (TSE-R - Toulouse School of Economics - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

  • Lucie Gadenne

Abstract

Most low- and middle-income countries are characterised by a large informal sector, which implies that a substantial fraction of economic activity in these countries is completely unregulated. This has important implications for the behaviour of firms, workers, families, and consumers, with these micro-level consequences of informality potentially combining to have important effects on aggregate outcomes such as productivity, output, and growth. This VoxDevLit summarises a wide range of studies ranging from well-identified empirical analyses to macro and structural equilibrium models of informality. The final goal is to provide an accessible, integrated understanding of the causes and consequences of informality for economic development.

Suggested Citation

  • Gabriel Ulyssea & Matteo Bobba & Lucie Gadenne, 2023. "Informality," Post-Print hal-03946597, HAL.
    • Handle: RePEc:hal:journl:hal-03946597
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