Making sense of well-being as a proxy for informality: differences in conceptualization and measurement

Although informality has been found to worsen individual and social economic outcomes, informal workers may not have a negative perception of their occupation and its effect on their overall well-being. If this is the case, policies and strategies aimed at formalization and inclusion should consider how these workers perceive their well-being and how these perceptions are linked to their occupations. Unfortunately, the literature does not evidence a previous effort to explore the connection between informality and well-being.