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Book Review on PIATA MUNCII INTRE FORMAL SI INFORMAL (LABOUR MARKET BETWEEN FORMAL AND INFORMAL) by Silvia PISICA, Valentina VASILE and Vergil VOINEAGU
Keywords
labor market, statistics, formal, informal
Abstract
National economy is functioning and generates results both in formal (“official”) area and in the informal (“unregulated”, “unofficial”, “unstructured”) area of the economy. The informal sector exists, to a higher or lower extent, in all modern economies. It generates results, creates jobs, entails population income and is conditioning a significant part of consumption expenditure, while its presence contradicts the experts’ predictions, formulated few decades ago, on its predictable reduction and extinction as national economies develop themselves. The study on the informal sector of the economy presents both a theoretical interest for economics, and a practical one as well.