Title: The Janus face of the informal work - A qualitative study of women's informal work Research question: What are women’s perceptions of the informal work? Purpose: The purpose of the study was to make an inventory of women’s perceptions of the informal work that is part of a woman’s lot. Method: This study was conducted with an inductive research approach using a qualitative research strategy. The empirical material used in the study was collected through unstructured interviews with seven different women. Conclusions: The answer to this study’s research question is that the study’s women informers’ perceptions of the informal work are both positive and negative. The study’s main finding is first and foremost that the study’s women informers experience two different kinds of informal work. The first kind is informal work related to household chores and the other kind is formal- informal work. The second finding of the study is that there is a Janus face to discover when it comes to women’s informal work since the positive sides of the informal work affects the neg- ative sides and vice versa. Keywords: Gender roles, gender stereotypes, gender status, gender hierarchy, work-life bal- ance, work-life conflict, stress, motivation, job satisfaction, unpaid work, informal work, invis- ible work.

The purpose of this study is to map different understandings of the formalization of the informal financial sector in the developing world. Utilizing a qualitative approach and interview methodology, this study focuses on the case of South Africa and maps different perceptions about the formalization process by operators in the informal economic sector, which are in turn contrasted with the perceptions of experts and policymakers in the field. The issue at hand is a deeper understanding of how and why different groups perceive formalization in different ways. Some of the main findings of this study confirm that there are different understandings of formalization that can be found amongst different groups in South Africa, that the overall positive understanding of formalization efforts are greater than the negative ones, and that formalization efforts are formulated more inclusive than informal operators believe they are. The theoretical contribution of this study is to state that moral arguments play a bigger role in individuals economical decision-making processes than the economy itself shapes individuals' moral behavior. In addition, the findings are of relevance for the design and implementation of financial inclusion policies in the developing world.