Earnings Determinants for Self-Employed Women and Men in the Informal Economy: The Case of Bogota, Colombia‪.‬

Introduction Every nation, regardless of its level of development, has an informal economy; what varies is the degree of informality present in each economy. Informal economic activity represents a large proportion of the Gross Domestic Product (GDP) in developing countries: between thirty-nine and seventy-six percent in African countries, twenty-five to sixty percent in Central and South America, and thirty-eight to seventy percent in most of Asia. By comparison, that proportion is between eight and thirty percent in Organization for Economic Cooperation and Development countries. (1)