| Resumen: |
This report explores a recently created data set on youth employment with a specific
focusing on the topic of informal employment. Recent evidence shows that informal
labour markets are growing and occupying an increasingly large share of gross domestic
product in many countries. Does the recent data set confirm the prevalence of informal
employment? And why does informality matter? Is it simply foregone tax revenue?
Many aspects of informality have been studied, such as job satisfaction (are people with
informal jobs less satisfied?), remuneration and quality of employment. An essential
question that still requires examination is that of the impact of past labour market
experience. How does an individual s labour market experience affect the person s
chances of obtaining a formal job in the future? How is informal employment experience
valued by the market (how does holding an informal job affect one s future
remuneration)? How do these measures vary across countries, and across, for example,
education levels, sex, family composition and migratory status? Is negative past
employment experience a hindrance for formal employment?
To answer these and other questions, this report proposes a detailed description of
the labour market experience of today s youth, illustrated by statistics drawn from recent
survey data from 20 countries. Informality matters not only for the loss of income for the
State and the limitations to its regulatory power. Understanding the path to formal
employment, in particular for the youth, is above all a key condition for generating
inclusive growth, considering the constraints faced by the informally employed and their
inferior working conditions. |
