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Unemployment In Latin America And The Caribbean
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Book Synopsis Unemployment in Latin America and the Caribbean by : Laurence M. Ball
Download or read book Unemployment in Latin America and the Caribbean written by Laurence M. Ball and published by International Monetary Fund. This book was released on 2011-11-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural population and that the effects of government regulations are generally weak. We also examine large, persistent increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from either disinflationary monetary policy or the defense of an exchange - rate peg in the face of capital flight. Our evidence supports hysteresis theories in which short - run changes in unemployment influence the natural rate.
Book Synopsis Job Creation in Latin America and the Caribbean by : Carmen Pag s
Download or read book Job Creation in Latin America and the Caribbean written by Carmen Pag s and published by World Bank Publications. This book was released on 2009-06-19 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than a decade has passed since the introduction of comprehensive macroeconomic stabilization packages and trade, fiscal, and financial market reforms in Latin America and the Caribbean. However, growth prospects remain disappointing; labor markets show lackluster performance, with low participation rates, high and persistent informality, and, in some cases, open unemployment. Creating viable and lasting employment is vital to reduce poverty and spread prosperity in the region. The failure to create more and more productive and rewarding jobs carries substantial political, social, and economic costs. 'Job Creation in Latin America and the Caribbean: Recent Trends and Policy Challenges' provides a thorough examination of the labor market trends in the region in recent decades and assesses the role that labor demand and labor supply factors have played in shaping these outcomes.
Book Synopsis Law and Employment by : James J. Heckman
Download or read book Law and Employment written by James J. Heckman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Book Synopsis Unemployment in Latin America and the Caribbean by :
Download or read book Unemployment in Latin America and the Caribbean written by and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Growth in Latin America and the Caribbean by : Norman Loayza
Download or read book Economic Growth in Latin America and the Caribbean written by Norman Loayza and published by World Bank Publications. This book was released on 2005-01-01 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several countries in Latin America and the Caribbean are suffering severe economic downturns and the success of market-oriented reforms is being called into question. This report seeks to contribute to the debate by examining the nature of economic growth in the region. The aim is threefold: to describe the basic characteristics of growth; explain differences across countries and to forecast changes over the next decade.
Book Synopsis Unemployment Insurance by : Jacqueline Mazza
Download or read book Unemployment Insurance written by Jacqueline Mazza and published by . This book was released on 2000 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment in Latin America and the Caribbean in the Mid-90's by : Gustavo A. Marquez
Download or read book Unemployment in Latin America and the Caribbean in the Mid-90's written by Gustavo A. Marquez and published by . This book was released on 1999 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper presents a comparative analysis of unemployment incidence and duration in a cross section of countries in Latin America and the Caribbean. The analysis of time-series averages of unemployment rates shows that unemployment is heterogeneous across countries, and comparable to the level of developed countries with relatively flexible labor markets. Unemployment has moderately increased, and this is likely to be associated with changes in the relative prices of capital and labor that has resulted in slower employment growth. This has been partly compensated by slower labor supply growth. Labor markets in the region are quite fluid in terms of employment creation and destruction, as the high inflow and low long term unemployment rates show. Inflow rates are very similar across deciles (except for the lowest), but short-term unemployment is more prevalent in the lower ones. This suggests that the fundamental problem that high unemployment groups face do not result from more frequent job destruction (high inflow), but rather from experiencing difficulties finding a new job (low outflow).
Book Synopsis From Right to Reality by : Helena Ribe
Download or read book From Right to Reality written by Helena Ribe and published by World Bank Publications. This book was released on 2012-03-13 with total page 455 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study highlights the interaction between social protection (SP) programs and labor markets in the Latin America region. It presents new evidence on the limited coverage of existing programs and emphasizes the challenges caused by high informality for achieving universal social protection for old age income, health, unemployment risks and anti-poverty safety nets. It identifies interaction effects between SP programs and the behavioral responses of workers, firms and social protection providers, which can further undermine efforts to expand coverage, summarizing evidence from recent work across the region. The book argues for a re-design of financing to eliminate cross subsidies between members of contributory programs and subsidies that effectively tax income from formal employment. It advocates well-targeted, tax-funded, tapered subsidies to provide incentives to the savings efforts of low-income workers, coupled with an effective safety net for the extreme poor who have no capacity to contribute to financing their own social protection arrangements. It also argues for the consolidation of programs and harmonization of benefits packages across different insurers. The book develops an overall conceptual framework and presents in-depth analysis of the main SP sectors of pensions, health, unemployment insurance and labor market programs, and safety net transfers.
Author :Regional Employment Program for Latin America and the Caribbean Publisher :Greenwood ISBN 13 : Total Pages :216 pages Book Rating :4.A/5 ( download)
Book Synopsis Employment in Latin America by : Regional Employment Program for Latin America and the Caribbean
Download or read book Employment in Latin America written by Regional Employment Program for Latin America and the Caribbean and published by Greenwood. This book was released on 1978 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Preliminary Overview of the Economies of Latin America and the Caribbean by : United Nations
Download or read book Preliminary Overview of the Economies of Latin America and the Caribbean written by United Nations and published by UN. This book was released on 2008-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2007 Latin American and Caribbean region was confronted with a worsening external financial situation caused by a high level of volatility in international financial markets and rising uncertainty, both largely the result of the crisis originating in the United States financial market, though economies continued to grow. This annual publication includes official country figures and an analysis of developments in the region's economy in 2007 and projections for 2008. It covers primary economic indicators such as: Gross Domestic Product (GDP), inflation, imports/exports, and unemployment. Key economic trends are identified and their causes are explained.
Book Synopsis Employment in Crisis by : Joana Silva
Download or read book Employment in Crisis written by Joana Silva and published by World Bank Publications. This book was released on 2021-10-08 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: A region known for its volatility, Latin America and the Caribbean (LAC) has suffered severe economic and social setbacks from crises—including the COVID-19 pandemic. These crises have taken their toll on careers, wage growth, and productivity. Employment in Crisis: The Path to Better Jobs in a Post-COVID-19 Latin America provides new evidence on the effects of crises on the region’s workers and firms and suggests several policy responses that can bolster long-term and inclusive economic growth. This report has three key findings. First, crises lead to persistent employment losses and accelerate structural changes away from the formal sector. This change occurs more through reductions in the creation of formal jobs than through job destruction. Second, some workers recover from crises, while others are permanently scarred by them. Low-skilled workers can suffer up to a decade of lower earnings caused by crises, while high-skilled workers rebound fast, exacerbating the LAC region’s high level of inequality. Formal workers suffer smaller employment and wage losses in localities with higher rates of informality. And the reduced job flows caused by crises decrease welfare, but workers in localities with more job opportunities, whether formal or informal, bounce back better. Third, crises’ cleansing effects can increase efficiency and productivity, but these effects are dampened by the LAC region’s less competitive market structure. Rather than becoming more agile and productive during economic downturns, protected sectors and firms gain market share and crowd out others, trapping valuable resources. This report proposes a three-pronged mix of policies to improve the LAC region’s responses to crises: •Create a more stable macroeconomic environment to smooth the impacts of crises, including automatic stabilizers such as unemployment insurance and short-term compensation programs; •Increase the capacity of social protection and labor programs to respond to crises and coalesce these programs into systems that complement income support with reemployment assistance and reskilling opportunities; and •Tackle structural issues, including the lack of product market competition and the spatial dimension behind poor labor market adjustment—a “good jobs and good firms†? agenda.
Book Synopsis Labor Market Flexibility in 13 Latin American Countries and the United States by : José Antonio González Anaya
Download or read book Labor Market Flexibility in 13 Latin American Countries and the United States written by José Antonio González Anaya and published by World Bank Publications. This book was released on 1999-01-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Once again, the quick capacity to overcome economic difficulties in 1995 was insufficient to mark improvements on the labor field." -ILO-Latin America, Editorial, "Labor Outlook 1996" For the first time, this volume compares labor market flexibility across countries in Latin America and the United States. The study uses two performance variables, a price variable measured by real wages and a quantity variable measured alternatively by either employment or unemployment. This paper looks into the structural relationship between output and these variables across 13 countries in Latin America and the United States for the last 20-30 years as a way of measuring the ability of the labor market to absorb output shocks.
Book Synopsis Youth at Risk in Latin America and the Caribbean by :
Download or read book Youth at Risk in Latin America and the Caribbean written by and published by World Bank Publications. This book was released on 2008-01-01 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Youth at Risk in Latin America provides evidence-based guidance to policymakers that will help increase the effectiveness of their youth investment program. Drawing on the authors' detailed analyses, the book describes twenty-three policies and programs that youth development experts agree are the basis of a quality youth development portfolio, from early childhood development programs to parent training to cash transfers for positive behaviors. It also lays out strategies for implementing this effective youth portfolio in a budget-constrained environment by reallocation of resources away from.
Book Synopsis Economic Survey of Latin America and the Caribbean 2018 by : United Nations
Download or read book Economic Survey of Latin America and the Caribbean 2018 written by United Nations and published by . This book was released on 2019-05-06 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2018 edition of the Economic Survey of Latin America and the Caribbean, its seventieth issue, consists of three parts. Part I outlines the region's economic performance in 2017 and analyses trends in the early months of 2018, as well as the outlook for the rest of the year. It examines the external and domestic factors that have influenced the region's economic performance, analyses the characteristics of economic growth, prices and the labour market, and draws attention to some of the macroeconomic policy challenges of the prevailing external conditions, amid mounting uncertainty stemming mainly from political factors. Part II of this edition, which has three chapters, analyses the dynamics of investment and its determinants, with a view to identifying the different variables on which public policy can act to influence the trajectory of investment. Part III contains notes relating to the economic performance of the countries of Latin America and the Caribbean in 2017 and the first half of 2018, together with their respective statistical annexes.
Book Synopsis The Jobs of Tomorrow by : Mark A. Dutz
Download or read book The Jobs of Tomorrow written by Mark A. Dutz and published by World Bank Publications. This book was released on 2018-04-10 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: While adoption of new technologies is understood to enhance long-term growth and average per-capita incomes, its impact on lower-skilled workers is more complex and merits clarification. Concerns abound that advanced technologies developed in high-income countries would inexorably lead to job losses of lower-skilled, less well-off workers and exacerbate inequality. Conversely, there are countervailing concerns that policies intended to protect jobs from technology advancement would themselves stultify progress and depress productivity. This book squarely addresses both sets of concerns with new research showing that adoption of digital technologies offers a pathway to more inclusive growth by increasing adopting firms’ outputs, with the jobs-enhancing impact of technology adoption assisted by growth-enhancing policies that foster sizable output expansion. The research reported here demonstrates with economic theory and data from Argentina, Brazil, Chile, Colombia and Mexico that lower-skilled workers can benefit from adoption of productivity-enhancing technologies biased towards skilled workers, and often do. The inclusive jobs outcomes arise when the effects of increased productivity and expanding output overcome the substitution of workers for technology. While the substitution effect replaces some lower-skilled workers with new technology and more highly-skilled labor, the output effect can lead to an increase in the total number of jobs for less-skilled workers. Critically, output can increase sufficiently to increase jobs across all tasks and skill types within adopting firms, including jobs for lower-skilled workers, as long as lower-skilled task content remains complementary to new technologies and related occupations are not completely automated and replaced by machines. It is this channel for inclusive growth that underlies the power of pro-competitive enabling policies and institutions—such as regulations encouraging firms to compete and policies supporting the development of skills that technology augments rather than replaces—to ensure that the positive impact of technology adoption on productivity and lower-skilled workers is realized.
Book Synopsis Economic Reforms, Growth and Employment by : Jürgen Weller
Download or read book Economic Reforms, Growth and Employment written by Jürgen Weller and published by United Nations Publications. This book was released on 2001 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Analysing the impact of the reforms on employment it is argued that expectations were not fulfilled with respect to the operation of the labour markets. The reforms limited the expansion of employment in some sectors, particularly in tradeable goods. They also created a bias in labour demad for better educated workers which exacerbates inequality. It is thus made clear that the region faces major challenges both in increasing the number of jobs and improving job equality.
Book Synopsis Labor Market Reform and Job Creation by : J. Luis Guasch
Download or read book Labor Market Reform and Job Creation written by J. Luis Guasch and published by World Bank Publications. This book was released on 1999-01-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the resumption of economic growth in most Latin America and Caribbean (LAC) countries since the late 1980s, improvements on the employment/unemployment front fave been sluggish at best, with a few notable exceptions. In many countries, renewed growth in LAC in the 1990s has so far failed to generate adequate new jobs in place of those lost during the adjustment , and to restore wages to precrisis levels. After a number of years of relatively high economic growth, the employment outlook in many countries remains worrisome. In those countries where unemployment rates appear to be low, often as a result of how they are measured, the concern is the low quality and renumeration levels of available jobs.
