The University of Southampton
University of Southampton Institutional Repository

Informal labour and credit markets: a survey

Informal labour and credit markets: a survey
Informal labour and credit markets: a survey
This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modeling informality within both partial and general equilibrium environments. We concentrate on labour and credit markets, since these tend to be most affected by informality. The phenomenon is particularly important in emerging and other developing economies, given their high degrees of informal labour and financial services and the implications these have for the effectiveness of macroeconomic policy. We emphasize the need for dynamic general equilibrium (DGE) and ultimately dynamic stochastic general equilibrium (DSGE) models for a full understanding of the costs, benefits and policy implications of informality. The survey shows that the literature on informality is quite patchy, and that there are several unexplored areas left for research.
informal economy, labour market, search-matching models
10/42
International Monetary Fund
Batini, Nicoletta
795aec35-6488-4b9d-84b6-30fee6b7fd3a
Kim, Young-Bae
2cccb2c3-f5d4-4bd2-9ac7-66bcbcb72196
Levine, Paul
6978934c-ecab-4709-a683-6114445c3fc5
Lotti, Emanuela
e3a301e8-bfbe-4ac7-ba41-5020251171a5
Batini, Nicoletta
795aec35-6488-4b9d-84b6-30fee6b7fd3a
Kim, Young-Bae
2cccb2c3-f5d4-4bd2-9ac7-66bcbcb72196
Levine, Paul
6978934c-ecab-4709-a683-6114445c3fc5
Lotti, Emanuela
e3a301e8-bfbe-4ac7-ba41-5020251171a5

Batini, Nicoletta, Kim, Young-Bae, Levine, Paul and Lotti, Emanuela (2010) Informal labour and credit markets: a survey (IMF Working Papers, 10/42) New York, US. International Monetary Fund 42pp.

Record type: Monograph (Working Paper)

Abstract

This paper reviews the literature on the informal economy, focusing first on empirical findings and then on existing approaches to modeling informality within both partial and general equilibrium environments. We concentrate on labour and credit markets, since these tend to be most affected by informality. The phenomenon is particularly important in emerging and other developing economies, given their high degrees of informal labour and financial services and the implications these have for the effectiveness of macroeconomic policy. We emphasize the need for dynamic general equilibrium (DGE) and ultimately dynamic stochastic general equilibrium (DSGE) models for a full understanding of the costs, benefits and policy implications of informality. The survey shows that the literature on informality is quite patchy, and that there are several unexplored areas left for research.

Full text not available from this repository.

More information

Published date: 2010
Keywords: informal economy, labour market, search-matching models

Identifiers

Local EPrints ID: 174527
URI: http://eprints.soton.ac.uk/id/eprint/174527
PURE UUID: 223cc6c0-f152-484d-9a6c-c780c074ff65

Catalogue record

Date deposited: 14 Feb 2011 13:51
Last modified: 29 Jan 2020 14:22

Export record

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×