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Although employment in low-income countries (LICs) is strikingly concentrated in the informal sector, the contribution of this sub-economy to the larger economy is not well understood. The traditional view holds that labour markets are segmented; the informal sector provides subsistence income, or a pool of surplus labour for the formal sector, and will likely disappear…

Although employment in low-income countries (LICs) is strikingly concentrated in the informal sector, the contribution of this sub-economy to the larger economy is not well understood. The traditional view holds that labour markets are segmented; the informal sector provides subsistence income, or a pool of surplus labour for the formal sector, and will likely disappear…