Publication:
The Labor Market Story Behind Latin America's Transformation: LAC Semiannual Report, October 2012

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dc.contributor.authorde la Torre, Augusto
dc.contributor.authorMessina, Julian
dc.contributor.authorPienknagura, Samuel
dc.date.accessioned2012-12-04T20:53:54Z
dc.date.available2012-12-04T20:53:54Z
dc.date.issued2012-10
dc.description.abstractAfter a robust recovery following the global crisis, Latin American and the Caribbean (LAC) has entered into a phase of lower growth dynamics: economic activity in the region is expected to expand by about 3 percent in 2012, after having grown at 4 percent in 2011 and 6 percent in 2010. This deceleration is not specific to LAC but is part of a global slowdown. World growth is indeed declining sharply, from 4.5 percent in 2011 to about 2.3 percent in 2012. Notably, the slowdown in middle-income regions has taken place in a highly synchronized manner: growth rates in LAC, Eastern Europe and South East Asia have fallen by a very similar magnitude (about 3 percentage points) between 2010 and 2012. While this synchronization reflects exogenous (global) forces the spillover to emerging markets of weaker activity in the world's growth poles, particularly Europe and China it also reflects endogenous (internal) dynamics, particularly the fact that many Middle Income Countries (MIC) had already reached in 2010-2011 the peak of their own business cycles. This synchronicity notwithstanding, the 2012 growth forecasts for individual countries in LAC are significantly heterogeneous, reflecting complex interactions between external and country-specific factors. The first chapter, which is shorter, concerns the economic juncture and growth prospects. The second chapter, which is longer and more substantive, deals with selected labor issues from both the structural and cyclical viewpoints.en
dc.description.abstractEste informe semestral, producido por la Oficina del Economista Jefe para América Latina y el Caribe del Banco Mundial, examina pormenorizadamente los cambios más significativos que se han producido en los mercados de trabajo de los países de América Latina y el Caribe (LAC) durante la década de 1990 y la década de 2000. El informe también hace un repaso a la evolución económica reciente de la región de LAC y analiza el panorama de los próximos meses. El informe se divide en dos capítulos. El primer capítulo, más breve, analiza la coyuntura económica y las perspectivas de crecimiento. El segundo, más largo y de mayor peso, trata varios temas escogidos relacionados con el mercado laboral y lo hace tanto desde el punto de vista estructural como desde el punto de vista cíclico.es
dc.identifierhttp://documents.worldbank.org/curated/en/2012/10/16843007/labor-market-story-behind-latin-americas-transformation
dc.identifier.doi10.1596/978-0-8213-9773-2
dc.identifier.isbn978-0-8213-9773-2
dc.identifier.urihttps://hdl.handle.net/10986/11884
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.subjectABSOLUTE VALUE
dc.subjectADVANCED ECONOMIES
dc.subjectANNUAL GROWTH
dc.subjectASSET PRICES
dc.subjectAVERAGE SHARE
dc.subjectBUSINESS CYCLES
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL INFLOW
dc.subjectCATACLYSM
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOLLATERAL
dc.subjectCOLLEGE EDUCATION
dc.subjectCOLLEGE GRADUATES
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICE BOOM
dc.subjectCOMMODITY PRICES
dc.subjectCOMPETITIVE EXCHANGE RATE
dc.subjectCOMPETITIVENESS
dc.subjectCONSENSUS FORECAST
dc.subjectCONSENSUS FORECASTS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER CONFIDENCE
dc.subjectCONSUMER DEMAND
dc.subjectCOUNTRY-SPECIFIC FACTORS
dc.subjectCRISES
dc.subjectCROSS-COUNTRY DATA
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCES
dc.subjectCYCLICAL ADJUSTMENTS
dc.subjectCYCLICAL DOWNTURN
dc.subjectDECREASING INEQUALITY
dc.subjectDEMAND SIDE
dc.subjectDEPRESSION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPED ECONOMIES
dc.subjectDEVELOPING WORLD
dc.subjectDISTRIBUTIONAL EFFECTS
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDOMESTIC DEMAND
dc.subjectDOWNSIDE RISKS
dc.subjectDOWNWARD PRESSURE
dc.subjectDOWNWARD WAGE RIGIDITIES
dc.subjectDRIVERS
dc.subjectDUTCH DISEASE
dc.subjectEARNINGS INEQUALITY
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INCENTIVES
dc.subjectECONOMIC MOBILITY
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC THEORY
dc.subjectEDUCATIONAL ATTAINMENT
dc.subjectEDUCATIONAL LEVEL
dc.subjectEDUCATIONAL LEVELS
dc.subjectEDUCATIONAL QUALIFICATIONS
dc.subjectEMPLOYMENT CREATION
dc.subjectEMPLOYMENT INCREASES
dc.subjectEMPLOYMENT SHARE
dc.subjectEURO ZONE
dc.subjectEUROPEAN MONETARY UNION
dc.subjectEXPORT VOLUMES
dc.subjectEXPORTERS
dc.subjectEXTERNAL SHOCKS
dc.subjectFEMALE LABOR
dc.subjectFEMALE LABOR FORCE
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL STABILITY
dc.subjectFISCAL REFORM
dc.subjectFOREIGN EXCHANGE
dc.subjectGINI COEFFICIENT
dc.subjectGLOBAL DEMAND
dc.subjectGLOBAL SLOWDOWN
dc.subjectGOVERNMENT BOND
dc.subjectGROWTH ACCELERATION
dc.subjectGROWTH DYNAMICS
dc.subjectGROWTH MODEL
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH PERFORMERS
dc.subjectGROWTH PROSPECTS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHIGH GROWTH
dc.subjectHIGH UNEMPLOYMENT
dc.subjectHIGH UNEMPLOYMENT RATE
dc.subjectHIGH-SCHOOL DROPOUTS
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOME INEQUALITY
dc.subjectHUMAN CAPITAL
dc.subjectIMPORT
dc.subjectIMPORT CONTROLS
dc.subjectIMPORTS
dc.subjectINCOME DISTRIBUTION
dc.subjectINCOMES
dc.subjectINDEBTEDNESS
dc.subjectINDIVIDUAL COUNTRIES
dc.subjectINEQUALITY MEASURES
dc.subjectINEQUALITY TRENDS
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATION TARGET
dc.subjectINFLATION TARGETING
dc.subjectINFLATION TARGETING REGIMES
dc.subjectINFORMAL EMPLOYMENT
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINTEREST RATE
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL PRICES
dc.subjectINTERNATIONAL TRENDS
dc.subjectJOBS
dc.subjectLABOR COSTS
dc.subjectLABOR DEMAND
dc.subjectLABOR FORCE
dc.subjectLABOR FORCE PARTICIPATION
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLABOR SUPPLY
dc.subjectLEGAL STATUS
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY SUPPORT
dc.subjectLOCAL CURRENCY
dc.subjectLONG-TERM GROWTH
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC POLICY
dc.subjectMANUFACTURING WAGES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET SHARE
dc.subjectMEAN INCOME
dc.subjectMIDDLE CLASS
dc.subjectMINIMUM WAGE
dc.subjectMONETARY POLICY
dc.subjectMORAL HAZARD
dc.subjectNATURAL RESOURCE
dc.subjectNOMINAL EXCHANGE RATE
dc.subject0 HYPOTHESIS
dc.subjectOPPORTUNITY COST
dc.subjectOUTPUT GAP
dc.subjectOUTPUT GAPS
dc.subjectPAID WORKERS
dc.subjectPER CAPITA INCOME
dc.subjectPER CAPITA INCOME LEVELS
dc.subjectPOLICY INTERVENTION
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOVERTY REDUCTION
dc.subjectPRIMARY EDUCATION
dc.subjectPRODUCTIVITY
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC TRANSFERS
dc.subjectRAPID INCREASE
dc.subjectRATE OF GROWTH
dc.subjectREAL APPRECIATION
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE APPRECIATION
dc.subjectREAL WAGE
dc.subjectREAL WAGES
dc.subjectRECESSION
dc.subjectRELATIVE DEMAND
dc.subjectRELATIVE IMPORTANCE
dc.subjectRELATIVE INCOME
dc.subjectREMITTANCES
dc.subjectREMUNERATION
dc.subjectRETAIL TRADE
dc.subjectRISING INEQUALITY
dc.subjectRISK AVERSION
dc.subjectRISK PREMIUM
dc.subjectSAFETY
dc.subjectSAFETY NETS
dc.subjectSECONDARY EDUCATION
dc.subjectSELF EMPLOYED
dc.subjectSELF EMPLOYMENT
dc.subjectSERVICE EMPLOYMENT
dc.subjectSERVICE INDUSTRIES
dc.subjectSERVICE SECTOR
dc.subjectSERVICE SECTORS
dc.subjectSINGLE CURRENCY
dc.subjectSKILLED WORKERS
dc.subjectSLOW GROWTH
dc.subjectSOCIAL POLICY
dc.subjectSOCIAL PROGRESS
dc.subjectSOCIAL SAFETY
dc.subjectSOCIAL SAFETY NETS
dc.subjectSOVEREIGN DEBT
dc.subjectSPILLOVER
dc.subjectSTABLE INFLATION
dc.subjectSTANDARD DEVIATION
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUPPLY SIDE
dc.subjectSUPPLY-SIDE
dc.subjectTOTAL EMPLOYMENT
dc.subjectTRADE LOSSES
dc.subjectTRADE OPENNESS
dc.subjectUNCERTAINTIES
dc.subjectUNCERTAINTY
dc.subjectUNEMPLOYED
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectUNSKILLED LABOR
dc.subjectWAGE DETERMINATION
dc.subjectWAGE DISPERSION
dc.subjectWAGE DISTRIBUTION
dc.subjectWAGE FLEXIBILITY
dc.subjectWAGE GAP
dc.subjectWAGE INEQUALITY
dc.subjectWAGE RIGIDITIES
dc.subjectWEIGHTS
dc.subjectWORKERS
dc.subjectWORKFORCE
dc.subjectWORKING CLASS
dc.subjectWORLD DEMAND
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.titleThe Labor Market Story Behind Latin America's Transformationen
dc.titleEl papel del mercado laboral en la transformación de América Latinaes
dc.title.alternativeEl papel del mercado laboral en la transformacion de America Latinaes
dc.title.subtitleLAC Semiannual Report, October 2012en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2012-10-17
okr.doctypePublications & Research::Publication
okr.docurlhttp://documents.worldbank.org/curated/en/2012/10/16843007/labor-market-story-behind-latin-americas-transformation
okr.globalpracticeSocial Protection and Labor
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeHealth, Nutrition, and Population
okr.guid749171468270282890
okr.guid322281468015022829
okr.identifier.externaldocumentum000386194_20121018014228
okr.identifier.internaldocumentum16843007
okr.identifier.report73289
okr.language.supporteden
okr.language.supportedes
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/10/18/000386194_20121018014228/Rendered/PDF/732890PUB0EPI00200pub0date010011012.pdfen
okr.pdfurlhttp://documents.worldbank.org/curated/en/322281468015022829/pdf/732890PUB0SPAN00Box377344B00PUBLIC0.pdfes
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalLatin America
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Labor Policies
okr.topicHealth, Nutrition and Population::Population Policies
okr.topicPoverty Reduction::Inequality
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicHealth, Nutrition and Population
okr.txturlhttp://documents.worldbank.org/curated/en/322281468015022829/text/732890PUB0SPAN00Box377344B00PUBLIC0.txtes
okr.unitChief Economist (LCRCE)
relation.isAuthorOfPublication35317b87-0569-5cde-bb5e-db1a425e6889
relation.isAuthorOfPublication6610b5d1-45b5-5f8a-864f-5d79bae5927c
relation.isAuthorOfPublicationff05119d-c222-5826-80ab-196121147699
relation.isAuthorOfPublication.latestForDiscovery35317b87-0569-5cde-bb5e-db1a425e6889
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