From informal to formal jobs: The contribution of cooperatives in Colombia
Labour informality remains a critical challenge for Colombia with over 60% of workers
in informal jobs with no access to social security benefits, except health. To address
the inherent challenges posed by a large informal sector, this paper explores the
role that cooperatives can play in driving formalisation in Colombia. It presents
the negative impacts of informality on the economy and how the social and solidarity
economy, and cooperatives in particular, offer an important model for informal workers
to transit towards formalisation (Section 1). It provides facts and figures about
the cooperative sector as well as factors contributing to its development and barriers
that hinder its expansion (Section 2). It considers the benefits and challenges of
the compliance based approach to supervise cooperatives and provides policy orientations
to strengthen the sector (Section 3).
Available from July 29, 2022
In series:OECD Local Economic and Employment Development (LEED) Papersview more titles