A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. T
Examines how informal contracts are put to productive and unproductive use by the poor and wealthy. Describes the formation and protection of informal property
Informality is ubiquitous in most developing countries. Understanding the informal economy is therefore of utmost importance from a political, economic and soci
The informal economy represents a significant share of output and employment in many developing countries. Yet little is known about this hidden engine of innov