The level of informality in Colombia's labor market is high and persistent. When measuring informality of workers in terms of their contributions to health insurance and pension systems, 74.2 percent of all Colombian labor force was considered informal in 2008. The informality debate has taken on a new sense of urgency, as Colombia's robust economic growth in recent years has not led to significant declines in informality. Even during the period of...
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DETAILS
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2010/01/28
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Pre-2003 Economic or Sector Report
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42698
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2
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2010/08/20
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Disclosed
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Resumen ejecutivo
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Access to credit
Citation
Informality in Colombia : implications for worker welfare and firm productivity (Vol. 2 of 2) : Resumen ejecutivo (Spanish). Washington, DC: World Bank. http://documents.worldbank.org/curated/en/296231468240000922