TY - BOOK AU - Vuletin,Guillermo Javier TI - Measuring the Informal Economy in Latin America and the Caribbean T2 - IMF Working Papers; Working Paper SN - 1451869630 : SN - 1018-5941 PY - 2008/// CY - Washington, D.C. PB - International Monetary Fund KW - Correlation KW - imf KW - Equation KW - Informal Economy KW - Latent Variable KW - Social Security Schemes KW - Surveys KW - Antigua and Barbuda KW - Bahamas, The KW - Dominican Republic KW - Saint Vincent and the Grenadines N2 - This paper estimates the size of the informal economy for 32 mainly Latin American and Caribbean countries in the early 2000s. Using a structural equation modeling approach, we find that a stringent tax system and regulatory environment, higher inflation, and dominance of the agriculture sector are key factors in determining the size of the informal economy. The results also confirm that a higher degree of informality reduces labor unionization, the number of contributors to social security schemes, and enrollment rates in education UR - http://elibrary.imf.org/view/IMF001/09218-9781451869637/09218-9781451869637/09218-9781451869637.xml UR - http://www.imfbookstore.org/IMFORG/9781451869637 ER -