Executive Summary

Gorana Krstić (), Friedrich Schneider (), Mihail Arandarenko (), Milojko Arsić (), Branko Radulovic, Saša Ranđelović () and Irena Janković ()
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Gorana Krstić: University of Belgrade
Mihail Arandarenko: University of Belgrade
Milojko Arsić: University of Belgrade
Saša Ranđelović: University of Belgrade
Irena Janković: University of Belgrade

Chapter Chapter 10 in Formalizing the Shadow Economy in Serbia, 2015, pp 159-170 from Springer

Abstract: Abstract The shadow economy is one of the biggest challenges to the Serbian economy, with its consequences in terms of tax evasion, labour market distortion, unfair competition, and inefficient allocation of resources. It is a major obstacle to the development of a strong business sector and to building a well-functioning market economy. Even though the shadow economy is still an important safety net for many individuals and households in Serbia, the disadvantages for workers, business, and society at large far outweigh the advantages. This chapter summarizes the main findings and the proposed policy measures for formalising the shadow economy.

Keywords: Minimum Wage; Informal Sector; Shadow Economy; Social Security Contribution; Informal Activity (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-13437-6_10

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DOI: 10.1007/978-3-319-13437-6_10

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