This article reviews the economic literature on informality, its causes, and its consequences
for development. It covers a comprehensive body of research that ranges from well-identified …

This chapter reviews what economists have learned about the impact of labor market
institutions, defined broadly as government regulations and union activity on labor outcomes …

This book serves as a sequel to two distinguished volumes on capitalism: Continuity and
Change in Contemporary Capitalism (Cambridge, 1999) and Order and Conflict in …

The paper draws on recent evidence––economic, sociological and anthropological––from
Latin America to forward a view of the informal sector in developing countries primarily as an …

Economic activity taking place within the informal sector—traditionally defined as activity
unregulated by law but governed by custom or personal ties—represents an emerging …

There is an ongoing debate among researchers and policy makers, whether informal sector
employment is a result of competitive market forces or labor market segmentation. More …

We develop an equilibrium wage-posting model with heterogeneous firms that decide to
locate in the formal or the informal sector and workers who search randomly on and off the …

Over the next 20 years, most low-income countries will, for the first time, become more urban
than rural. Understanding demographic trends in the cities of the developing world is critical …

Enforcement of labor regulations in the formal sector may drive workers to informality
because they increase the costs of formal labor. But better compliance with mandated …

This meta-analytical review of empirical studies of the impact of schooling on
entrepreneurship selection and performance in developing economies looks at variations in …