Back to Work : Growing with Jobs in Europe and Central Asia

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collection.link.46
https://openknowledge.worldbank.org/handle/10986/2154
collection.name.46
Europe and Central Asia Reports
dc.contributor.author
Arias, Omar S.
dc.contributor.author
Sánchez-Páramo, Carolina
dc.contributor.author
Dávalos, María E.
dc.contributor.author
Santos, Indhira
dc.contributor.author
Tiongson, Erwin R.
dc.contributor.author
Gruen, Carola
dc.contributor.author
de Andrade Falcão, Natasha
dc.contributor.author
Saiovici, Gady
dc.contributor.author
Cancho, Cesar A.
dc.date.accessioned
2014-01-15T18:57:10Z
dc.date.available
2014-01-15T18:57:10Z
dc.date.issued
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.identifier.uri
http://hdl.handle.net/10986/16570
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.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
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
okr.crosscuttingsolutionarea
Public-Private Partnerships
okr.crosscuttingsolutionarea
Jobs
okr.date.disclosure
2014-01-15
okr.doctype
Publications & Research :: Publication
okr.doctype
Publications & Research
okr.externalurl
http://www.worldbank.org/content/dam/Worldbank/document/Back-to-Work-Full.pdf
okr.globalpractice
Education
okr.globalpractice
Social Protection and Labor
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-0-8213-9910-1
okr.identifier.report
84041
okr.language.supported
en
okr.peerreview
Academic Peer Review
okr.region.administrative
Europe and Central Asia
okr.region.country
Turkey
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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