Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/125346
Authors: 
Enste, Dominik H.
Year of Publication: 
2015
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Year:] 2015 [Issue:] 127
Abstract: 
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.
Subjects: 
shadow economy
underground economy
informal economy
illicit work
JEL: 
O17
K42
J22
H26
Persistent Identifier of the first edition: 
Document Type: 
Article

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