Formalization of jobs and firms in emerging market economies through registration reform

Artikel

Informal firms make up a major share of the economy in most developing countries. Expanding formalization could increase government tax revenues, boost firm profits and national income, and increase employee well-being by improving access to social security and health and workers’ benefits. Reforms to encourage firms to register include simplifying procedures, reducing the cost and time to register, and making more information available on registration procedures. Reforms might not result in higher registration and formalization.In some cases, better enforcement and wider development policies might be needed as well.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2014 ; Bonn: Institute for the Study of Labor (IZA)

Classification and Topics

• Classification: Wirtschaft ; Formal and Informal Sectors; Shadow Economy; Institutional Arrangements ; Development Planning and Policy: General
• Subject: informal sector ; registration process ; information ; simplification ; cost reduction

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Khamis, Melanie
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2014

Further information

• DOI: doi:10.15185/izawol.67
• Handle: http://hdl.handle.net/10419/125289
• Last update: 10.03.2025, 11:44 AM CET