Back to Work : Growing with Jobs in Europe and Central Asia Arias, Omar S. Sánchez-Páramo, Carolina Dávalos, María E. Santos, Indhira Tiongson, Erwin R. Gruen, Carola de Andrade Falcão, Natasha Saiovici, Gady Cancho, Cesar A. 2014-01-15T18:57:10Z 2014-01-15T18:57:10Z 2014-01-15
dc.description.abstract Creating more and better jobs is arguably the most critical challenge to boosting shared prosperity in ECA. This report answers two questions: How can the countries create more jobs? Should there be specific policies to help workers access those jobs?. In answering them, the report examines the role of reforms, firms, skills, incentives and barriers to work, and labor mobility through the lens of two contextual factors: the legacy of centralized planned economies and the mounting demographic pressures associated with rapid aging in some countries and soaring numbers of youth entering the workforce in others. The main findings of the report are: i) market reforms pay off in terms of jobs and productivity, although with a lag; ii) a small fraction of superstar high-growth firms, largely young, account for most of new jobs created in the region- thus, countries, especially late reformers, need to unleash the potential of high levels of latent entrepreneurship to start-up new firms; iii) skills gaps hinder employment prospects, especially of youth and older workers, due to the inadequate response of the education and training system to changes in the demand for skills; iv) employment is hindered by high implicit taxes on work for those transitioning to work from inactivity or unemployment and barriers that affect especially women, minorities, youth and older workers; and, v) low internal labor mobility prevents labor relocation to places with greater job creation potential. The report argues that to get more people back to work by growing with jobs, countries need to regain the momentum for economic and institutional reforms that existed before the crisis in order to: (i) lay the fundamentals to create jobs for all workers, by pushing reforms to create the enabling environment for existing firms to grow, become more productive, or exit the market and tap on entrepreneurship potential for new firms to emerge and succeed or fail fast and cheap; and (ii) implement policies to support workers so they are prepared to take on the new jobs being created, by having the right skills, incentives and access to work, and being ready to move to places with the highest job creation potential. en
dc.identifier.isbn 978-0-8213-9910-1
dc.identifier.other 10.1596/978-0-8213-9910-1
dc.language.iso en_US
dc.publisher Washington, DC: World Bank
dc.relation.ispartofseries Europe and Central Asia Reports;
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.subject active labor market policy
dc.subject agglomeration economies
dc.subject aging
dc.subject business environment
dc.subject demographics
dc.subject education
dc.subject employment
dc.subject entrepreneurs
dc.subject entrepreneurship
dc.subject firms
dc.subject gazelles
dc.subject inclusion
dc.subject job creation
dc.subject jobs
dc.subject labor matching
dc.subject labor mobility
dc.subject migration
dc.subject older workers
dc.subject productivity
dc.subject reforms
dc.subject skills
dc.subject social protection
dc.subject socialist legacy
dc.subject tax wedges
dc.subject training
dc.subject women
dc.subject work incentives
dc.subject youth
dc.subject Transition economies
dc.title Back to Work : Growing with Jobs in Europe and Central Asia en
dspace.entity.type Publication
okr.crosscuttingsolutionarea Public-Private Partnerships
okr.crosscuttingsolutionarea Jobs 2014-01-15
okr.doctype Publications & Research :: Publication
okr.doctype Publications & Research
okr.globalpractice Education
okr.globalpractice Social Protection and Labor
okr.identifier.doi 10.1596/978-0-8213-9910-1 84041
okr.language.supported en
okr.peerreview Academic Peer Review
okr.region.administrative Europe and Central Asia Turkiye
okr.region.geographical Europe
okr.region.geographical Central Asia
okr.region.geographical Europe and Central Asia
okr.region.geographical Eastern Europe
okr.topic Education
okr.topic Private Sector Development
okr.topic Social Protections and Labor
okr.unit ECSP3
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relation.isAuthorOfPublication 5c6ccdf4-842b-52cf-b005-9d4358266967
relation.isAuthorOfPublication 2c96e58d-d731-5707-a0a3-7cc3b6c46f79
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