Publication: Philippine Jobs Report: Shaping a Better Future for the Filipino Workforce
Date
2023-03-27
ISSN
Published
2023-03-27
Author(s)
World Bank
Abstract
Shaping a Better Future for the
Filipino Workforce aims to inform jobs policy by examining
key determinants and outcomes of jobs. Jobs are created when
the macroeconomic environment is conducive and policies are
predictable to businesses with sustained growth, trades, and
investments. At the same time, a large body of literature
also shows that economic growth alone is not sufficient for
generating jobs. Jobs are created when firms pursue
expansion through innovation and competitiveness and demand
for more labor input, while workers’ skills and human
capital are able to meet the needs of firms. Intrahousehold
resource allocation and decisions for labor supply also
affect the jobs outcomes. It is not uncommon that workers as
self-employed create jobs by initiating their own business.
The market clearing process of labor is then affected by
labor market institutions, most notably labor market
regulations and labor policies and programs. These are key
determinants of how easy it is to start a business or to
hire a worker, how high labor costs are, and how efficiently
firms and workers are matched. Part I looks into the
country’s labor market in chronological order, while Part II
discusses three major areas of Philippine jobs - labor
regulation, international migration, and emerging demands
for green and digital jobs.
Citation
“World Bank. 2023. Philippine Jobs Report: Shaping a Better Future for the Filipino Workforce. © Washington, DC. http://hdl.handle.net/10986/39600 License: CC BY-NC 3.0 IGO.”