[PDF] Unemployment In Latin America And The Caribbean In The Mid 90s eBook

Author : Gustavo A. Marquez
Publisher :
Page : 0 pages
File Size : 50,47 MB
Release : 1999
Category :
ISBN :

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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).

Author : Laurence M. Ball
Publisher : International Monetary Fund
Page : 39 pages
File Size : 34,62 MB
Release : 2011-11-01
Category : Business & Economics
ISBN : 1463923341

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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.

Author : Carmen Pag s
Publisher : World Bank Publications
Page : 484 pages
File Size : 11,13 MB
Release : 2009-06-19
Category : Business & Economics
ISBN : 0821380257

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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.

Author : James J. Heckman
Publisher : University of Chicago Press
Page : 585 pages
File Size : 15,85 MB
Release : 2007-11-01
Category : Law
ISBN : 0226322858

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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.

Author : José Antonio Ocampo
Publisher : United Nations University Press
Page : 372 pages
File Size : 24,4 MB
Release : 2003
Category : Business & Economics
ISBN :

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This publication evaluates the key economic, social and political developments in the Latin American and Caribbean region during the 1990s, a period of transition and reorientation,. It was marked by instances of progress, stagnation and reverses, with the speed of progress variable between countries and sectors. Chapters discuss: the global and regional context, macroeconomic performance, structure and performance of good-producing sectors, infrastructure service sectors, social sectors, sustainable development, economic and social performance, and the restructuring of national territories.

Author : Inter-American Development Bank
Publisher : IDB
Page : 330 pages
File Size : 28,23 MB
Release : 2003
Category : Business & Economics
ISBN : 9781931003506

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Annotation There is a widespread perception that the structural reforms implemented in Latin America in the 1990s have failed to spur employment growth. This perception is fueled by rising unemployment, slow wage growth, rising wage inequalities and a heightened sense of economic insecurity. This year's edition of Economic and Social Progress in Latin America investigates whether this disappointing outcome can be explained by an abnormal adjustment to rapid changes in goods and capital markets, increased female participation in the workplace, technological change, and secular changes in the sector composition of output. In particular, the book examines whether there are important demands for change that are being thwarted by inappropriate institutions and rigidities. The report documents unemployment and underemployment, employment creation and destruction, productivity growth, and the wage level and inequality. It includes a CD-ROM with data on labor markets in the region.

Author : Jürgen Weller
Publisher :
Page : 205 pages
File Size : 17,33 MB
Release : 2001
Category :
ISBN : 9789211557886

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Labour conditions in Latin America and the Caribbean have long been a cause for concern. Despite relatively high economic growth rates, a large part of labour force was excluded from productive activities. This publication analyzes the evolution of Latin American and Caribbean labour markets in the 1990s and the impact of the economic reforms on them. The analysis makes it clear that the region faces a major challenge in the coming years, both in increasing the number of jobs and in improving job quality.

Author : Barbara Stallings
Publisher : United Nations Publications
Page : 40 pages
File Size : 21,31 MB
Release : 2001
Category : Business & Economics
ISBN :

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This publication analyzes labor market trends in Latin America and the Caribbean in the 1990s. It discusses the expectations for labor market performance that were generated by the reform process in the region and provides an overview of what actually happened with respect to participation rates, employment generation, unemployment and wages. The publication also examines a new hypothesis about the differential performance of labor markets in the northern and southern subregions and presents policy recommendations.

Author : Norman Loayza
Publisher : World Bank Publications
Page : 169 pages
File Size : 14,40 MB
Release : 2005-01-01
Category : Business & Economics
ISBN : 0821360914

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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.