Effects of informality on Albania s labor market

Brunilda Muca (), Sajmir Hoxha and Galantina Doraci ()
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Brunilda Muca: Faculty of Economy and Agribusiness, University of Tirana, Albania
Sajmir Hoxha: Faculty of Economy and Agribusiness, University of Tirana, Albania
Galantina Doraci: Faculty of Economy and Agribusiness, University of Tirana, Albania

Review of Applied Socio-Economic Research, 2012, vol. 4, issue 2, 166-169

Abstract: With the growing interest on the size of informal economy in Albania, an important concern remains the best ways to reduce its dimension. According to scholars of the field, informality in Albania may be as large as 50 percent of its official GDP, or even higher. A reflection of informality in economy is also displayed by informality in the labor market. The socio-economic changes of the late last century, along with other changes, brought about a high rate of unemployment. The effects of unemployment in Albania s informal economy will be discussed, and one of the methods used for its measure, as well as pinpoint to important lessons drawn when employers and employees are faced with one another. The aim of this paper is to focus on the reduction of informal economy, as seen through labor market lens, as an anti-crisis factor.

Keywords: informality; non-official economy; economic crises; labor market (search for similar items in EconPapers)
JEL-codes: E26 J21 (search for similar items in EconPapers)
Date: 2012
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