INFORMALOGY

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el octubre 15, 2022

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(Informalogy-Podcast edition)

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VIDEO: Talking about informality

(Informalogy-video)

Labor informality in Peru

(Photo: Paolo Aguilar) Schneider and Enste make their reference based on two main definitions that have been used frequently. The first is described as an informal sector since this contributes to the GDP calculated officially, but there is no official record that has been registered. The second is achieved by being able to define a production that is not formally in the market for goods and services that are not registered in the official GDP. How do you manage to indicate in these two definitions that they are not entirely precise. Mirus and Smith frame the informal economy as a very broad context that manages to encompass different illegal legal activities and monetary and non-monetary transactions that, according to this, the independent activities of the household, the unreported income in the production of legal goods and services are also part of the non-formal sector better known as the informal sector. Finally, Fleming indicates that the discrepancies in the definition of the ...

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