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Issues and Prospects for the Study of Informal Economies

Concepts, Research Strategies, and Policy

Bibliographic Data

ID9749271
AuthorsLouis A Ferman (University of Michigan, corresponding author), Stuart Henry (Eastern Michigan University), Michele Hoyman, Michele M Hoyman (0000-0003-2975-9179)
Year1987
Volume493
Issue1
Pages154-172
Publication date1987-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Annals of the American Academy of Political and Social Science (JOURNAL)
Journal identifiersISSN: 0002-7162 • E-ISSN: 1552-3349
PublisherSAGE Publications (PUBLISHER • US)
DOI10.1177/0002716287493001011
OpenAlexW2058333408
LanguageEN
Citations received9
References cited18

This article considers the current state of knowledge about informal economies. Criticism of the value of the informal economy concept is addressed by considering the multiple disciplinary interests in the topic, the confusion over an appropriate definition, and the problems of classification and explanation. A multidisciplinary, macro-micro approach is suggested. The joint ethnography-sruvey method has been found to be the most productive research tool for empirical study, and the principles of such methodology are outlined. In the context of a discussion on the politics of research funding, major areas for future research are identified. These include historical surveys; local-area studies; changing household work patterns in relation to the wider formal economy; informal work and illegal markets; class, ethnic, and sexual composition of the participants; informal institutions, particularly information and skill exchanges; media and their representation of the informal economy; and the role of informal economies in coping with national disasters. Finally, the implications of the informal economies for government policy on taxation, labor, welfare, and crime and criminal justice are drawn out

Economic growth · Economics · Informal education · Informal organization · Informal sector · Market economy · Social science · Sociology · Welfare · Crime, Illicit Activities, and Governance · Taxation and Compliance Studies

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Unique citing works9
Citations per year0,25
Citation span1990 - 2025 (36)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 9

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