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Is Informal Employment a Safety Net in Times of Crisis? Evidence from Serbia

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  • Anna Jaskova

    (University of Belgrade, Serbia)

Abstract

This paper deals with the analysis of movements and causes of the informal employment in Serbia from the period of 1990s until the present time. Based on the results of the survey, it is not possible to confirm the assumption that informal employment rises in the years of economic crises and falls during economic recovery. Since informal employment can have the same trend as formal employment i.e. to fall in the times of crisis, it cannot be the safety net for those who are formally unemployed. Economic growth, however, cannot secure the decrease in absolute nor relative level of informal employment. Inadequate economic policies and labour market institutions can countermand the positive impact of economic growth on the labour formalisation. Therefore, the creation of proper labour market policies and institutional environment should be the central goals for policymakers in both economic crisis as well as economic growth periods

Suggested Citation

  • Anna Jaskova, 2017. "Is Informal Employment a Safety Net in Times of Crisis? Evidence from Serbia," Journal of Human Resource Management, Comenius University in Bratislava, Faculty of Management, vol. 20(1), pages 11-20.
    • Handle: RePEc:cub:journl:v:20:y:2017:i:1:p:11-20
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    File URL: http://www.jhrm.eu/2017/05/11-is-informal-employment-a-safety-net-in-times-of-crisis-evidence-from-serbia/
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    Cited by:

    1. Agus Joko Pitoyo & Bagas Aditya & Ikhwan Amri & Akbar Abdul Rokhim, 2021. "Impacts and Strategies Behind COVID-19-Induced Economic Crisis: Evidence from Informal Economy," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(3), pages 641-661, September.

    More about this item

    Keywords

    informal employment; formal employment; economic crisis; institutions;
    All these keywords.

    JEL classification:

    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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