Artikel

The shadow economy in industrial countries

The shadow (underground) economy plays a major role in many countries. People evade taxes and regulations by working in the shadow economy or by employing people illegally. On the one hand, this unregulated economic activity can result in reduced tax revenue and public goods and services, lower tax morale and less tax compliance, higher control costs, and lower economic growth rates. But on the other hand, the shadow economy can be a powerful force for advancing institutional change and can boost the overall production of goods and services in the economy. The shadow economy has implications that extend beyond the economy to the political order.

Sprache
Englisch

Erschienen in
Journal: IZA World of Labor ; ISSN: 2054-9571 ; Year: 2018 ; Bonn: Institute of Labor Economics (IZA)

Klassifikation
Wirtschaft
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Illegal Behavior and the Enforcement of Law
Time Allocation and Labor Supply
Tax Evasion and Avoidance
Thema
shadow economy
underground economy
informal economy
illicit work

Ereignis
Geistige Schöpfung
(wer)
Enste, Dominik
Ereignis
Veröffentlichung
(wer)
Institute of Labor Economics (IZA)
(wo)
Bonn
(wann)
2018

DOI
doi:10.15185/izawol.127.v2
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

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Objekttyp

  • Artikel

Beteiligte

  • Enste, Dominik
  • Institute of Labor Economics (IZA)

Entstanden

  • 2018

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