Novel analysis challenges perceptions of informality by showing workers make rational choices, trading independence for formal benefits. New data and models expose the high value of nonwage job qualities and argue that sustainable progress demands reforms harmonizing labor dynamics with social protection.
Novel analysis challenges perceptions of informality by showing workers make rational choices, trading independence for formal benefits. New data and models expose the high value of nonwage job qualities and argue that sustainable progress demands reforms harmonizing labor dynamics with social protection.
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