TRANSITION FROM THE INFORMAL ECONOMY TO THE FORMAL ECONOMY: CHALLENGES AND OPPORTUNITIES
Keywords:
labor market, informal employment, formal job opportunities, employment strategies, tax incentives, labor legislation, vocational education, support for entrepreneurship, social protection, economic stability.Abstract
Informal employment in the labor market negatively affects economic stability and social protection. This article analyzes strategies for expanding formal job opportunities and promoting employment by reducing informal employment. The study examines mechanisms such as tax incentives, improvements in labor legislation, support for vocational education, and entrepreneurship, providing recommendations based on best practices. The article is of particular relevance to policymakers, researchers, and labor market participants.
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