INFORMAL EMPLOYMENT OF YOUNG PEOPLE IN SERBIA CURRENT SITUATION AND TRENDS

Abstract

The number of informally employed has been increasing under the influence of globalization, capital mobility, restructuring and labor market deregulation.
Informal economy is present in all societies and at all social levels. The implications
of youth work in the informal sector are multiple. Namely, human and financial
resources are wasted and productivity decreases. The young do not have social protection, security, or labor rights protection. The paper focuses on the representation of
young people in the informal economy in Serbia, examining trends and factors that
influence their formation. Work engagement of young people in the informal economy
can negatively affect their future perception of the society in which they live, earn a
living and educate themselves.