Abstract
In Mexico about 60 % of the working population is in informal employment, consequently, it is important to analyse the impact of this phenomenon on the product of the economy and the well-being of the population in light of labour formalisation. Accordingly, the Leontief model is extended to a social accounting matrix to determine this impact. As a result, it is found that the total output of the economy would increase by 17,58 %, although inequality still presents the same rates, it would improve the income of the population and poverty would decrease.
Translated title of the contribution | Economic and social impact of labor formalization in Mexico |
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Original language | Spanish |
Pages | 185-212 |
Number of pages | 32 |
Volume | 41 |
No | 86 |
Specialist publication | Cuadernos de Economia (Colombia) |
DOIs | |
State | Published - 22 Apr 2022 |
Keywords
- informal economy
- multisectorial analysis
- taxes
- welfare