Report

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
en_US
dc.date.accessioned
2015-06-09T21:41:34Z
en_US
dc.date.available
2015-06-09T21:41:34Z
en_US
dc.date.issued
2015-06
en_US
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_US
dc.identifier.isbn
978-1-4648-0685-8
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dc.identifier.isbn
9781464807053
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dc.identifier.uri
http://hdl.handle.net/10986/22016
en_US
dc.language.iso
en_US
en_US
dc.publisher
Washington, DC
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dc.rights
CC BY 3.0 IGO
en_US
dc.rights.holder
World Bank
en_US
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
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dc.subject
Commodity boom
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dc.subject
Labor markets
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dc.subject
Unskilled labor
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dc.subject
wage rate
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dc.subject
equity
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dc.subject
shared prosperity
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dc.title
Working to End Poverty in Latin America and the Caribbean--Workers, Jobs, and Wages
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dc.title.subtitle
LAC Poverty and Labor Brief, June 2015
en_US
dc.type
Report
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okr.date.disclosure
2015-06-11
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okr.doctype
Publications & Research
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okr.doctype
Publications & Research :: Publication
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okr.globalpractice
Social Protection and Labor
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okr.globalpractice
Poverty
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okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/978-1-4648-0685-8
en_US
okr.identifier.report
97209
en_US
okr.region.administrative
Latin America & Caribbean
en_US
okr.region.geographical
Caribbean
en_US
okr.region.geographical
Central America
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okr.region.geographical
Latin America
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okr.topic
Poverty Reduction :: Achieving Shared Growth
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okr.topic
Poverty Reduction :: Employment and Shared Growth
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okr.topic
Poverty Reduction :: Equity and Development
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okr.topic
Poverty Reduction :: Inequality
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okr.topic
Poverty Reduction :: Poverty Reduction Strategies
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okr.topic
Public Sector Development
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okr.topic
Social Protections and Labor :: Labor Markets
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okr.topic
Social Protections and Labor :: Wages, Compensation & Benefits
en_US
okr.unit
LCSPP
en_US

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