Informality and Inclusive Growth in Latin America: The Case of Colombia
The present analysis leads to important policy recommendations that are relevant not only in Colombia but in most developing countries. While some informal workers might benefit from the removal of barriers to formal employment or affirmative action, structural informality must be tackled with different kinds of policy, such as improving access to education and flexible pension systems. Similarly, in the case of voluntary informality, monitoring and controlling informal professionals might be effective, whereas the same approach applied to structural informality might produce a negative impact on inclusive growth.
The authors of this research work at Fedesarrollo, Colombia.
Other ELLA knowledge materials relating to ECONOMIC DEVELOPMENT:
GUIDES AND BRIEFS
LEARNING ALLIANCE HIGHLIGHTS