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Jobs, Wages and the Latin American Slowdown: LAC Semiannual Report, October 2015

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dc.contributor.authorde la Torre, Augusto
dc.contributor.authorIze, Alain
dc.contributor.authorBeylis, Guillermo
dc.contributor.authorLederman, Daniel
dc.date.accessioned2015-09-30T16:17:00Z
dc.date.available2015-09-30T16:17:00Z
dc.date.issued2015-10-05
dc.description.abstractChapter 1 of the report covers the short-term prospects and provides an analysis of the external factors affecting the region's economic slowdown. The focus is on the adjustment challenges faced by those Latin American countries experiencing a major adverse terms of trade shock, which comes after an unprecedented (in magnitude and duration) period of terms of trade bonanza. Chapter 2 discusses the key topic of this semiannual report, that is, the implications of the slowdown for labor markets – on jobs and wages. We describe the broad labor market trends observed during the boom and contrast them with the patterns observed during the slowdown. We also describe the implications of the slowdown for inequality. A corollary of the observed labor market patterns during the slowdown is that some of the gains towards greater income equality achieved in the past decade or so may be reversed, at least in part, and that we may see a divergence between labor income inequality and household income inequality, whereby the latter may rise more than the former.en
dc.identifier.doi10.1596/978-1-4648-0732-9
dc.identifier.isbn978-1-4648-0732-9
dc.identifier.urihttps://hdl.handle.net/10986/22709
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectgrowth
dc.subjecthousehold income inequality
dc.subjectlabor force participation
dc.subjectlabor income inequality
dc.subjectslowdown
dc.subjectelasticity
dc.subjectinequality
dc.subjectterms of trade
dc.subjectunemployment
dc.titleJobs, Wages and the Latin American Slowdownen
dc.title.subtitleLAC Semiannual Report, October 2015en
dc.typeSerialen
dc.typeSérielfr
dc.typeSeriales
dspace.entity.typePublication
okr.date.disclosure2015-10-05
okr.doctypePublications & Research
okr.doctypePublications & Research::Publication
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid401911467996987401
okr.guid674191468189844098
okr.identifier.doi10.1596/978-1-4648-0732-9
okr.identifier.report100083
okr.language.supporteden
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalCaribbean
okr.region.geographicalLatin America
okr.topicInternational Economics and Trade::Access to Markets
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicPoverty Reduction::Inequality
okr.topicSocial Protections and Labor::Labor Markets
okr.unitOffice of the Chief Economist, Latin America and the Caribbean Region (LCRCE)
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relation.isAuthorOfPublication.latestForDiscovery35317b87-0569-5cde-bb5e-db1a425e6889
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