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Buffering Recessions: Labor Market Asymmetries and the Role of Self-Employment

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dc.contributor.authorLoungani, Prakash
dc.contributor.authorLuttini, Emiliano
dc.contributor.authorPallan, Hayley
dc.date.accessioned2025-03-25T17:01:10Z
dc.date.available2025-03-25T17:01:10Z
dc.date.issued2025-03-25
dc.description.abstractThe employment structure in emerging markets and developing economies (EMDEs) differs markedly from that in advanced economies, which has implications for adjustment to cyclical conditions. This paper examines the cyclicality of employment in advanced economies and EMDEs. Although EMDEs exhibit a more violent GDP cycle than advanced economies, advanced economies present a steeper and more violent employment cycle. In the short term, an employment composition that is more biased toward self-employment, which is less cyclical, explains about 70 percent of these differences, while in the medium-term it accounts for about 40 percent. These characteristics explain why, during recessions, employment in advanced economies is more sensitive to economic fluctuations than in EMDEs.en
dc.identifierhttp://documents.worldbank.org/curated/en/099204003242537236
dc.identifier.doi10.1596/1813-9450-11089
dc.identifier.urihttps://hdl.handle.net/10986/42990
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 11089
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectUNEMPLOYMENT
dc.subjectEMPLOYMENT
dc.subjectOUTPUT FLUCTUATIONS
dc.subjectINFORMALITY
dc.titleBuffering Recessionsen
dc.title.subtitleLabor Market Asymmetries and the Role of Self-Employmenten
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2025-03-25
okr.date.doiregistration2025-04-14T11:53:30.763335Z
okr.date.lastmodified2025-03-25T15:03:07Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099204003242537236
okr.guid099204003242537236
okr.identifier.docmidIDU-36c09141-3456-40f0-90ad-1f70e35a3907
okr.identifier.doi10.1596/1813-9450-11089
okr.identifier.externaldocumentum40002595
okr.identifier.internaldocumentum40002595
okr.identifier.reportWPS11089
okr.import.id6954
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttps://documents.worldbank.org/curated/en/099204003242537236/pdf/IDU-36c09141-3456-40f0-90ad-1f70e35a3907.pdfen
okr.region.geographicalWorld
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.topicMacroeconomics and Economic Growth::Economic Conditions and Volatility
okr.unitProspects Group (DECPG)
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