Informalize Work : Taxes / Benefits / and Incentives in Latin America and the Caribbean

Fietz, Katharina; Joubert, Clement; N~opo, Hugo; Ocampo, Alberto; Packard, Truman

ISBN 10: 1464822387 / ISBN 13: 9781464822384

Published by The World Bank, 2025

About this Item

Unread book in perfect condition.

Seller Inventory # 50570693

Bibliographic Details

• Title: Informalize Work : Taxes / Benefits / and Incentives in Latin America and the Caribbean
• Publisher: The World Bank
• Publication Date: 2025
• Language: English
• ISBN 10: 1464822387
• ISBN 13: 9781464822384
• Binding: Soft cover
• Condition: As New

About this title

Synopsis

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.