!!!Schattenwirtschaft

Grey economy (informal economy, unofficial economy), illicit work and 
"moonlighting" are terms used to describe work which 
resembles gainful employment, but is not declared to the government 
for taxes, as is the case in the regular economy. Due to the grey 
economy, billions in taxes and social payments are lost and the 
regular economy is deprived of business opportunities. The grey 
economy tends to grow in proportion to the increase of the 
state´s influence on the regular economy. The grey economy is 
also influenced by the unemployment rate. In 1997 the informal economy 
accounted for an estimated ATS 220 billion, equal to 
8.93 % of GNP, an almost fourfold increase over a period of 20 
years.

!Literature
E. Hofbauer and W. Schuessel, Schattenwirtschaft in 
Oesterreich, 1984.


%%language
[Back to the Austrian Version|AEIOU/Schattenwirtschaft|class='wikipage austrian']
%%

[{FreezeArticle author='AEIOU' template='Lexikon_1995_englisch'}]
[{ALLOW view All}][{ALLOW comment All}][{ALLOW edit FreezeAdmin}]