ABSTRACT
Achieving full and productive employment in an ideal society is recognized as an independent European value and involves reducing the impact on the labor market of such phenomena as the shadow economy, undeclared work, informal employment and more. These phenomena not only limit the state's ability to pursue modern social policies in the fields of education, health care, skills development, employment, social protection, pensions, they contribute to the creation and existence of unfair competition against those businesses that are fully ensure the fulfillment of obligations regarding the payment of taxes, labor protection and social security of employees. Therefore, the International Labor Organization and the world community draw attention to the problems of the informal economy and undeclared work, which today are one of the most powerful obstacles for countries to ensure decent work and higher growth rates. Thus, the problem of informal employment is one of the obstacles for Ukraine in ensuring decent work of citizens, improving the quality of life and growth in the global labor market. The coronavirus pandemic crisis (COVID-19) has once again increased the vulnerability of the informal and informal livelihoods and is a reminder of the crucial need to make the transition from informal to formal employment a priority national policy. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.