Publication:
Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-19T14:45:31Z
dc.date.available2012-06-19T14:45:31Z
dc.date.issued2005-11
dc.description.abstractThis report carries out a detailed evaluation of the 2002 labor reform in Colombia, and in doing so, it also assesses the performance of the Colombian urban labor market and identifies the main policy challenges faced in this area. The report has three broad goals: First, to provide additional evidence to inform the intense debate taking place in the country around labor market issues, especially the reform. Second, to shed light on the key factors preventing a swift recuperation of the labor market. Third, to offer sensible policy alternatives that complement the step taken with the labor reform and address those key factors. The analyses are carried out for the key labor market outcomes: employment, unemployment, formality and wages, as well as productivity. Through the analysis of these variables the report tries to enhance the understanding of issues such as informality, labor market rigidities, job creation, protection against shocks and private sector performance. By and large, these determine whether people can find gainful employment, be adequately protected against shocks and whether firms are profitable so that, on the one hand, investment and technology adoption take place and, on the other, employment and wages grow, which are the truly important concerns for policy makers. The report illustrates key problems faced by Colombia: slow growth reflecting poor productivity performance, high and persistent unemployment and labor market rigidities that help in keeping unemployment high and productivity low. The 2002 labor reform shows positive results in some areas, while the impact on others was uncertain or moderate. Thus, the country today has three broad challenges. First, making the labor market as efficient as possible; second, increasing productivity growth as a precondition for stronger economic performance, and third, providing effective and inclusive services of social protection for the most vulnerable. These are the channels that will ultimately enable the increase of formal employment and favor wage growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/2005/11/6527642/labor-market-adjustment-reform-productivity-colombia-factors-matter-vol-2-2-technical-report
dc.identifier.doi10.1596/8406
dc.identifier.urihttps://hdl.handle.net/10986/8406
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectAVERAGE WAGE
dc.subjectAVERAGE WAGES
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL MARKET
dc.subjectCENTRAL BANK
dc.subjectCOMMERCE
dc.subjectDECENTRALIZATION
dc.subjectDEREGULATION
dc.subjectEARNING
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEDUCATIONAL LEVELS
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT CREATION
dc.subjectEMPLOYMENT GENERATION
dc.subjectEMPLOYMENT GROWTH
dc.subjectEMPLOYMENT LEVEL
dc.subjectEQUATIONS
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFINANCIAL SECTOR
dc.subjectGAINFUL EMPLOYMENT
dc.subjectGDP
dc.subjectGROWTH RATE
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD SURVEY
dc.subjectHUMAN CAPITAL
dc.subjectINFLATION
dc.subjectINFLATION RATES
dc.subjectJOB SEEKERS
dc.subjectJOBS
dc.subjectLABOR COSTS
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE GROWTH
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR LEGISLATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET ADJUSTMENT
dc.subjectLABOR MARKET INDICATORS
dc.subjectLABOR MARKET INSTITUTIONS
dc.subjectLABOR MARKET INTERVENTIONS
dc.subjectLABOR MARKET OUTCOMES
dc.subjectLABOR MARKET REGULATIONS
dc.subjectLABOR MARKETS
dc.subjectLABOR REGULATIONS
dc.subjectLABOR SUPPLY
dc.subjectMARKET ANALYSES
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET EQUILIBRIUM
dc.subjectMINIMUM WAGE
dc.subjectMINIMUM WAGES
dc.subjectMONETARY POLICY
dc.subjectNON-WAGE COSTS
dc.subjectOCCUPATION
dc.subjectOCCUPATIONS
dc.subjectPARTICIPATION
dc.subjectPAYROLL TAXES
dc.subjectPREVIOUS SECTION
dc.subjectPRIMARY SCHOOL
dc.subjectPRODUCTION SIDE
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY LEVELS
dc.subjectPUBLIC EMPLOYMENT
dc.subjectPUBLIC SECTOR EMPLOYMENT
dc.subjectREAL GDP
dc.subjectREAL WAGE
dc.subjectREAL WAGES
dc.subjectRECESSION
dc.subjectRETAIL
dc.subjectSAFETY NETS
dc.subjectSALARIED EMPLOYMENT
dc.subjectSALARIED WORKERS
dc.subjectSERVICES MARKETS
dc.subjectSKILLED WORKERS
dc.subjectSOCIAL SECURITY
dc.subjectTOTAL EMPLOYMENT
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT DECLINES
dc.subjectUNEMPLOYMENT LEVEL
dc.subjectUNEMPLOYMENT LEVELS
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNEMPLOYMENT RATES
dc.subjectURBAN EMPLOYMENT
dc.subjectVIOLENCE
dc.subjectWAGE DISTRIBUTION
dc.subjectWAGE GROWTH
dc.subjectWAGE INCREASE
dc.subjectWAGE INEQUALITY
dc.subjectWAGE LEVELS
dc.subjectWAGE POLICIES
dc.subjectWORKER
dc.subjectWORKERS
dc.subjectWORLD MARKETS
dc.subjectYOUNG PEOPLE
dc.subjectYOUNG WORKERS
dc.titleLabor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Reporten
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2006-01-11
okr.date.doiregistration2025-05-07T10:46:44.211457Z
okr.doctypeEconomic & Sector Work::General Economy, Macroeconomics and Growth Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2005/11/6527642/labor-market-adjustment-reform-productivity-colombia-factors-matter-vol-2-2-technical-report
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeGovernance
okr.globalpracticeFinance and Markets
okr.guid758361468026658137
okr.guid944981468263352106
okr.identifier.externaldocumentum000160016_20060111111112
okr.identifier.internaldocumentum6527642
okr.identifier.report32068
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/01/11/000160016_20060111111112/Rendered/PDF/320681vol021CO.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.countryColombia
okr.region.geographicalAmerica
okr.region.geographicalSouth America
okr.sectorFinance
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorIndustry and trade
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Markets and Market Access
okr.topicSocial Protections and Labor::Labor Markets
okr.topicGovernance::Youth and Governance
okr.topicSocial Protections and Labor::Labor Standards
okr.unitPoverty Sector (LCSPP)
okr.volume2 of 2
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