The economic impact and cost of shadow economies have become a pronounced international problem. This second edition uses new data from seventy-six developing, transition and OECD countries to give an overview on the subject and propose solutions to prevent illicit work.

This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.

'The welfare of nations cannot be judged without understanding the size of the informal sector. This extremely valuable contribution provides a rigorous treatment of the subject and will become the standard reference book of the shadow economy.' Klaus F. Zimmermann, University of Bonn and Director of IZA, the Institute for the Study of Labor