Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
(In)Formalizing Jobs in Latin America and the Caribbean: Taxes, Benefits, and Labor Market Directives

(In)Formalizing Jobs in Latin America and the Caribbean: Taxes, Benefits, and Labor Market Directives

Fietz, Katharina
Joubert, Clement
Ñopo, Hugo

Paperback

Series: International Development in Focus

Labor

ISBN10: 1464822387
ISBN13: 9781464822384
Publisher: World Bank Publications
Published: Aug 29 2025
Pages: 304
Weight: 1.94
Height: 0.71 Width: 8.50 Depth: 11.00
Language: English
This report aims to deepen our understanding of informality of work and employment outcomes in Latin American and Caribbean labor markets, focusing on the interplay between personal income taxation, social protection policies, and consequently firm and workers' incentives to (in)formalize agreements. The report introduces a new analytical framework that centers on individual worker decisions, based on the value workers ascribe to present and future (contingent) benefits as compared with their costs, alongside negotiations with employers shaped by labor market competitiveness. Empirical analysis identifies and quantifies incentives for (in)formal employment and to simulate how reforms to policies and programs affect these incentives. This analysis underpins recommendations to improve the incentives to formalize employment and participate in personal income tax and social protection systems across LAC countries.

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