Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective
The high incidence of informality in developing countries acts as a drag on economic development due to the associated efficiency and equity costs and implied weak governance. Policy makers therefore want to reduce informality. This note presents guidance on policy levers to make formality more attr...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/228341507706860312/Reducing-the-costs-and-enhancing-the-benefits-of-formality-from-the-firms-perspective http://hdl.handle.net/10986/28572 |
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okr-10986-285722021-05-25T09:04:47Z Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective Ruppert Bulmer, Elizabeth Kuddo, Arvo Weber, Michael LABOR MARKET LABOR REGULATIONS LABOR POLICY MICROENTERPRISE FORMALITY INFORMALITY BUSINESS ENVIRONMENT The high incidence of informality in developing countries acts as a drag on economic development due to the associated efficiency and equity costs and implied weak governance. Policy makers therefore want to reduce informality. This note presents guidance on policy levers to make formality more attractive and informality less attractive from the perspective of small, medium and large firms, and from the perspective of micro-entrepreneurs. It elaborates the challenges for shifting incentives in favor of being formal and employing workers on formal contracts rather than operating under the regulatory radar, and presents a range of policy options. 2017-10-25T18:40:55Z 2017-10-25T18:40:55Z 2017-10-01 Working Paper http://documents.worldbank.org/curated/en/228341507706860312/Reducing-the-costs-and-enhancing-the-benefits-of-formality-from-the-firms-perspective http://hdl.handle.net/10986/28572 English en_US Jobs Working Paper;No. 8 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
LABOR MARKET LABOR REGULATIONS LABOR POLICY MICROENTERPRISE FORMALITY INFORMALITY BUSINESS ENVIRONMENT |
| spellingShingle |
LABOR MARKET LABOR REGULATIONS LABOR POLICY MICROENTERPRISE FORMALITY INFORMALITY BUSINESS ENVIRONMENT Ruppert Bulmer, Elizabeth Kuddo, Arvo Weber, Michael Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective |
| relation |
Jobs Working Paper;No. 8 |
| description |
The high incidence of informality in developing countries acts as a drag on economic development due to the associated efficiency and equity costs and implied weak governance. Policy makers therefore want to reduce informality. This note presents guidance on policy levers to make formality more attractive and informality less attractive from the perspective of small, medium and large firms, and from the perspective of micro-entrepreneurs. It elaborates the challenges for shifting incentives in favor of being formal and employing workers on formal contracts rather than operating under the regulatory radar, and presents a range of policy options. |
| format |
Working Paper |
| author |
Ruppert Bulmer, Elizabeth Kuddo, Arvo Weber, Michael |
| author_facet |
Ruppert Bulmer, Elizabeth Kuddo, Arvo Weber, Michael |
| author_sort |
Ruppert Bulmer, Elizabeth |
| title |
Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective |
| title_short |
Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective |
| title_full |
Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective |
| title_fullStr |
Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective |
| title_full_unstemmed |
Reducing the Costs and Enhancing the Benefits of Formality : From the Firm's Perspective |
| title_sort |
reducing the costs and enhancing the benefits of formality : from the firm's perspective |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/228341507706860312/Reducing-the-costs-and-enhancing-the-benefits-of-formality-from-the-firms-perspective http://hdl.handle.net/10986/28572 |
| _version_ |
1764467178482958336 |