Williams, C.C. orcid.org/0000-0002-3610-1933 and Kayaoglu, A. (2020) The Coronavirus pandemic and Europe’s undeclared economy : impacts and a policy proposal. South East European Journal of Economics and Business, 15 (1). pp. 80-92.
Abstract
The coronavirus pandemic has led to a loss of revenues for enterprises and workers due to workplace closures and restrictions on movement to ‘flatten the curve’. In response, governments have made available temporary financial support to enterprises and workers affected. This paper evaluates a group currently excluded from this support, namely enterprises and workers in the undeclared economy, and a possible government policy response. To identify those involved, a 2019 Eurobarometer survey of undeclared work in Europe is reported. This reveals that one in every 132 European citizens relies wholly on undeclared earnings and the sectors and population groups involved. Given their reduced revenues and inability to access the temporary financial support, a voluntary disclosure initiative is recommended which brings undeclared enterprises and workers into the declared economy and onto the radar of state authorities by offering access to this temporary financial support if they disclose their previous undeclared work.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 by the School of Economics and Business Sarajevo. Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/3.0/). |
Keywords: | coronavirus; COVID-19; informal economy; undeclared work; tax evasion; public policy |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Management School (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 18 Aug 2020 09:15 |
Last Modified: | 18 Aug 2020 09:15 |
Status: | Published |
Publisher: | Walter de Gruyter GmbH |
Refereed: | Yes |
Identification Number: | 10.2478/jeb-2020-0007 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:164515 |