precarious employment

Formal-Informal Economy Linkages

The term informal sector, informal economy, ‘second economy’ and informality is often used interchangeably. Altman defines ‘informality’ to entail precariousness, in that the activity operates beyond bureaucratic rules or regulations. This is an important concept for poor working people. Focusing policy on structural solutions to reduce precariousness in household livelihoods is particularly important in a…