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Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages : LAC Poverty and Labor Brief, June 2015

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collection.link.137
https://openknowledge.worldbank.org/handle/10986/6002
collection.link.211
https://openknowledge.worldbank.org/handle/10986/11864
collection.name.137
Spanish PDFs Available
collection.name.211
LAC Poverty and Labor Brief
dc.contributor.author
World Bank
dc.date.accessioned
2015-06-09T21:41:34Z
dc.date.available
2015-06-09T21:41:34Z
dc.date.issued
2015-06
dc.description.abstract
While LAC continues its progress towards becoming a middle-class region, in 2013 poverty reduction was slower than in previous years. The bottom 40 percent of the population has also seen decelerating income growth since the 2008-2009 global financial crisis. Driving the lower gains in shared prosperity and poverty reduction is the region’s slowing economic growth. Similarly, after more than a decade of steady decline, inequality has been stagnant since 2010 and remains high. Given the crucial role of labor earnings in poverty and inequality reduction, this report analyzes more deeply LAC’s labor markets and its implications for the region’s social gains going forward. It shows that the region’s push to increase its human capital has yielded dividends; increases in the educational attainment of the labor force are evident across the region. Nonetheless, the substantial growth in wages observed during the last decade was not accompanied by significant changes in the labor market: agriculture and low-productivity, informal service employment continued to be key sources of income for the poor in LAC. Instead, most of the gains were seen in countries that benefitted from the commodity boom of the last decade. As the commodity boom fades and growth wanes, there is a risk that the social gains achieved in the century’s first decade will erode.
en
dc.identifier.isbn
978-1-4648-0685-8
dc.identifier.isbn
9781464807053
dc.identifier.uri
http://hdl.handle.net/10986/22016
dc.language.iso
en_US
dc.publisher
Washington, DC
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
Commodity boom
dc.subject
Labor markets
dc.subject
Unskilled labor
dc.subject
wage rate
dc.subject
equity
dc.subject
shared prosperity
dc.title
Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages
en
dc.title.subtitle
LAC Poverty and Labor Brief, June 2015
dc.type
Report
okr.date.disclosure
2015-06-11
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Publication
okr.globalpractice
Social Protection and Labor
okr.globalpractice
Poverty
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-0685-8
okr.identifier.report
97209
okr.language.supported
en
okr.region.administrative
Latin America & Caribbean
okr.region.geographical
Caribbean
okr.region.geographical
Central America
okr.region.geographical
Latin America
okr.topic
Poverty Reduction :: Achieving Shared Growth
okr.topic
Poverty Reduction :: Employment and Shared Growth
okr.topic
Poverty Reduction :: Equity and Development
okr.topic
Poverty Reduction :: Inequality
okr.topic
Poverty Reduction :: Poverty Reduction Strategies
okr.topic
Public Sector Development
okr.topic
Social Protections and Labor :: Labor Markets
okr.topic
Social Protections and Labor :: Wages, Compensation & Benefits
okr.unit
LCSPP

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