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Diagnosing the Binding Constraints to Better Jobs: An Approach and Framework

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dc.contributor.authorOsborne, Theresa
dc.date.accessioned2023-05-16T20:57:13Z
dc.date.available2023-05-16T20:57:13Z
dc.date.issued2023-05-16
dc.description.abstractThe persistent lack of good jobs that is, an inadequate level or quality of jobs, inefficient and/or inequitable jobs outcomes is a key economic issue in developing (and some developed) economies. Yet policy responses often lack an understanding of the causes. While the proximate drivers, such as low productivity growth, slow capital deepening, or a lack of firms and other organized economic actors, may share patterns, the policy roots and circumstances of these outcomes vary a great deal by country. Thus, making progress in a meaningful and lasting way requires, in the first instance, a clear understanding of the binding constraints which, if alleviated, would result in a substantial structural improvement to jobs outcomes. Binding constraints could arise in a host of policies and institutions, including possibly inadequate human capital and labor market policies but also in infrastructure, regulatory, financial, judicial and other areas. This paper provides a data-driven approach and framework for diagnosing the truly binding constraints to better jobs. The approach is to rule out broad categories of constraints using economic logic and data, and to utilize an array of empirical indicators to test whether remaining candidate constraints are binding. While this paper outlines an exhaustive approach, the style of thinking and techniques can also be applied selectively to fill analytical gaps and ensure that key issues are not left unaddressed.en
dc.identifierhttp://documents.worldbank.org/curated/en/099418505112344406/IDU0892c521702866044ab0bba8061a29b07705a
dc.identifier.doi10.1596/39818
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39818
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesJobs Guide; Issue 7
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectJOBS
dc.subjectLABOR MARKET POLICY
dc.subjectHUMAN CAPITAL CONSTRAINT
dc.subjectLOW PRODUCTIVITY GROWTH
dc.subjectACCESS TO CAPITAL
dc.titleDiagnosing the Binding Constraints to Better Jobsen
dc.title.subtitleAn Approach and Frameworken
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleDiagnosing the Binding Constraints to Better Jobs: An Approach and Framework
okr.date.disclosure2023-05-11
okr.date.lastmodified2023-05-11T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099418505112344406/IDU0892c521702866044ab0bba8061a29b07705a
okr.guid099418505112344406
okr.identifier.docmidIDU-892c5217-2866-44ab-bba8-61a29b07705a
okr.identifier.doihttp://dx.doi.org/10.1596/39818
okr.identifier.externaldocumentum34060736
okr.identifier.internaldocumentum34060736
okr.identifier.report182063
okr.import.id718
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099418505112344406/pdf/IDU0892c521702866044ab0bba8061a29b07705a.pdfen
okr.topicPoverty Reduction::Employment and Shared Growth
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitJOBS- CCSA - IBRD (HSPJB)
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