Informality Revisited
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World Bank, Washington, DC
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The author develops a view of the
informal sector in developing countries primarily as an
unregulated micro-entrepreneurial sector and not as a
disadvantaged residual of segmented labor markets. Drawing
on recent work from Latin America, he offers alternative
explanations for many of the characteristics of the informal
sector customarily regarded as evidence of its inferiority.
Palabras clave
BANKING SYSTEM, CAPITAL FLOWS, CAPITAL PROJECTS, CHILD LABOR, DAY CARE, DECENTRALIZATION, DISCRIMINATION, ECONOMIC ANALYSIS, ECONOMIC CONSEQUENCES, ECONOMIC DEVELOPMENT, ELASTICITIES, EMPIRICAL EVIDENCE, EMPLOYMENT, ENTREPRENEURSHIP, EXCHANGE RATE, FAMILIES, HEALTH CARE, HOUSING, INCOME, INCOME TAXES, INDIVIDUAL ACCOUNTS, INFLATION, INSURANCE, LABOR COSTS, LABOR FORCE, LABOR LEGISLATION, LABOR MARKET, LABOR MARKETS, LABOR PRODUCTIVITY, LEGISLATION, MARKET DISTORTIONS, MIGRATION, MINIMUM WAGES, MORTALITY, MOTHERS, OCCUPATIONS, OPPORTUNITY COSTS, PENSIONS, POLITICAL ECONOMY, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROPERTY RIGHTS, PUBLIC GOODS, PURCHASING POWER, RETIREMENT, RIGID WAGES, RISK TAKING, SAFETY, SAFETY NETS, SAVINGS, SECURITIES, SELF EMPLOYMENT, SOCIAL NETWORKS, SOCIAL PROTECTION, SOCIAL RESEARCH, SOCIAL SECURITY, STREAMS, TAX SYSTEMS, TRANSPORT, UNEMPLOYMENT, URBANIZATION, WAGES, WORKERS, YOUNG WORKERS