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Informality: Exit and Exclusion: Building Effective and Legitimate Institutions (Latin America and Caribbean Studies) [Paperback]

Pablo Fajnzylber (Author), Guillermo E. Perry (Author), William F. Maloney (Author), Omar Arias (Author), Andrew Mason (Author), Jaime Saavedra-Chanduvi (Author)

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Book Description

Publication Date: May 16, 2007 | ISBN-10: 0821370928 | ISBN-13: 978-0821370926

Informality: Exit and Exclusion analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. The authors use two distinct but complementary lenses: informality driven by "exclusion" from state benefits or the circuits of the modern economy, and driven by voluntary "exit" decisions resulting from private cost-benefit calculations that lead workers and firms to opt out of formal institutions. They find both lenses have considerable explanatory power to understand the causes and consequences of informality in the region. Informality: Exit and Exclusion concludes that reducing informality levels and overcoming the "culture of informality" will require actions to increase aggregate productivity in the economy, reform poorly designed regulations and social policies, and increase the legitimacy of the state by improving the quality and fairness of state institutions and policies. Although the study focuses on Latin America, its analysis, approach, and conclusions are relevant for all developing countries. Informality: Exit and Exclusion will be of value to professionals and academics studying labor market, social protection, tax, microenterprise development, and urban public policies, and to those working in government, international organizations, research institutions, and universities.

#outer_postBodyPS { display: none; } #psGradient { display: none; } #psPlaceHolder { display: none; } #psExpand { display: none; } Informality: Exit and Exclusion analyzes informality in Latin America, exploring root causes and reasons for and implications of its growth. The authors use two distinct but complementary lenses: informality driven by "exclusion" from state benefits or the circuits of the modern economy, and driven by voluntary "exit" decisions resulting from private cost-benefit calculations that lead workers and firms to opt out of formal institutions. They find both lenses have considerable explanatory power to understand the causes and consequences of informality in the region. Informality: Exit and Exclusion concludes that reducing informality levels and overcoming the "culture of informality" will require actions to increase aggregate productivity in the economy, reform poorly designed regulations and social policies, and increase the legitimacy of the state by improving the quality and fairness of state institutions and policies. Although the study focuses on Latin America, its analysis, approach, and conclusions are relevant for all developing countries. Informality: Exit and Exclusion will be of value to professionals and academics studying labor market, social protection, tax, microenterprise development, and urban public policies, and to those working in government, international organizations, research institutions, and universities.

Product Details

Paperback: 268 pages
Publisher: World Bank Publications (May 16, 2007)
Language: English
ISBN-10: 0821370928
ISBN-13: 978-0821370926
Product Dimensions: 10.9 x 8.4 x 0.6 inches
Shipping Weight: 1.4 pounds (View shipping rates and policies)
Amazon Best Sellers Rank: #2,533,849 in Books (See Top 100 in Books)

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Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!

Inside This Book (learn more)

Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
shadow economies, urban labor markets, labor informality, informal salaried workers, formal salaried jobs, social security evasion, providing essential cover, informal independent workers, informal salaried employment, microfirm dynamics, formal risk management instruments, microfirm sector, estimates using household survey, firm informality, solidarity pillar, tax morale, informal firms, salaried sector, social protection spending, underreporting rates, unreported sales, labor market dualism, term informality, social assistance pension, noncontributory programs

Key Phrases - Capitalized Phrases (CAPs): (learn more)
World Bank, Latin America, Dominican Republic, United States, Policy Research Working Paper, Developing Countries, Greater Buenos Aires, Costa Rica, American Economic Review, United Kingdom, Journal of Political Economy, Seguro Popular, New York, World Development Indicators, University of Chicago Press, International Labour Organization, Discussion Paper, Protecting Households, Quarterly Journal of Economics, National Bureau of Economic Research, Inter-American Development Bank, Journal of Development Economics, Journal of Public Economics, Journal of Economic Literature, Department of Economics

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Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!

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