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
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!