Financial satisfaction and (in)formal sector in a transition country
Ferrer-i-Carbonell, Ada (Institut d'Anàlisi Econòmica)
Gërxhani, Klarita (University of Amsterdam)

Data:	2011
Resum:	This paper examines the relationship between working in the formal or informal sector and self-reported individual financial satisfaction in a country in transition. It does so by allowing for individual heterogeneity in terms of perceived financial insecurity and tax morale. The empirical analysis uses a dataset for Albania, a country in transition. The method applied is the 'self-administered questionnaire', which combines personal contacts with written questionnaire. The results indicate that, for most individuals, working in the informal sector has negative effects on their self reported financial satisfaction. For some individuals, however, this effect is positive. The characteristic defining these two groups of individuals is their attitude towards the perceived financial insecurity related to not paying taxes. These findings have important implications, in particular for transition countries with large informal sectors. Given the involuntary participation in the informal sector in these countries, the majority of individuals working in this sector will remain financially dissatisfied as long as they have no other social safety net.
Drets:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial, la distribució, la comunicació pública de l'obra i la creació d'obres derivades, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original.
Llengua:	Anglès
Document:	Article ; recerca ; Versió publicada
Matèria:	Financial satisfaction ; Informal sector ; Tax morale ; Transition
Publicat a:	Social indicators research, Núm. 102 (juliol 2011) , p. 315-331, ISSN 1573-0921

DOI: 10.1007/s11205-010-9684-6
PMID: 21516141

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