Gimenez, LeaSt. Catherine, EdwinKarver, JonathanOdawara, Rei2015-03-132015-03-132015-03https://hdl.handle.net/10986/21602This brief expands the scarce literature on the impact of the global financial crisis on labor market outcomes and welfare in the Organization of Eastern Caribbean States (OECS). The brief focuses on the economy of St. Lucia, one of the OECS member states. The statistical information assembled here should help decision makers and the public in the OECS to develop policy options that can sustain job creation and thereby enhance public welfare. It also can help gauge the effectiveness of policies over time. The evidence presented in this brief shows how the recent financial crisis had significant and long-lasting negative impacts on the welfare of St. Lucians. The government of St. Lucia attempted to use fiscal policy to boost growth and enhance labor market opportunities in the island. Still, unemployed and underemployed St. Lucians together accounted for over 40 percent of the working-age employable population. They suffered a significant decline in welfare in the aftermath of the crisis. They lost not only their income but also the collateral benefits that are often associated with being fully employed in good quality jobs in the “formal” sector of the economy.en-USCC BY 3.0 IGOACCESS TO INSURANCEACCOUNTINGACTIVE LABOURACTIVE LABOUR MARKETACTIVE LABOUR MARKET PROGRAMSADULT WORKERSADVANCED ECONOMIESADVERSE IMPACTAGE GROUPAGE GROUPSAGRICULTURAL SECTORAGRICULTUREASSET OWNERSHIPBANKING SYSTEMBANKSBORROWINGBUSINESS DEVELOPMENTCENTRAL BANKCOLLATERALCOMPETITIVENESSCOMPUTER LITERACYCREDIT CRUNCHCURRENT POPULATIONCUSTOMER SERVICEDEBTDEBT BURDENDECISION MAKINGDELINQUENCY RATESDEMOGRAPHIC TRENDSDEVELOPMENT BANKDEVELOPMENT CENTERDIVERSIFICATIONEARNINGECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC CRISISECONOMIC GROWTHECONOMIC OUTLOOKECONOMIC SECTORSECONOMIC SHOCKSEDUCATION LEVELEDUCATIONAL ATTAINMENTELDERLYEMPLOYEEEMPLOYEREMPLOYERSEMPLOYMENTEMPLOYMENT LEVELEMPLOYMENT OPPORTUNITIESEMPLOYMENT PROGRAMEMPLOYMENT PROSPECTSEMPLOYMENT STATUSEXPENDITUREEXPENDITURESEXPLOITATIONEXPORTSFARMERSFEMALE EMPLOYMENTFINANCIAL CRISISFINANCIAL RESOURCESFINANCIAL SERVICESFISCAL DEFICITSFISCAL POLICIESFISCAL POLICYFOCUS GROUP DISCUSSIONSFOREIGN DIRECT INVESTMENTFORMAL EDUCATIONGDPGENDERGOVERNMENT POLICIESGOVERNMENT PROGRAMSGOVERNMENT SECURITIESGROSS DOMESTIC PRODUCTHEAD OF HOUSEHOLDHEALTH CAREHIGHER EDUCATION LEVELSHOUSEHOLD ASSETSHOUSEHOLD CHARACTERISTICSHOUSEHOLD LEVELHOUSEHOLD SIZEHOUSEHOLD SURVEYHOUSEHOLD WEALTHHUMAN CAPITALINCOMEINCOME LEVELSINEQUALITYINFANTINFLATION RATEINSURANCEINTERNATIONAL LABOR ORGANIZATIONINTERPERSONAL SKILLSJOB CREATIONJOB MARKETJOB OPPORTUNITIESJOB PLACEMENTJOB SEEKERSJOBSLABOR CODELABOR FORCELABOR FORCE SURVEYLABOR MARKETLABOR MARKET CHARACTERISTICSLABOR MARKET INDICATORSLABOR MARKET NEEDSLABOR MARKET OUTCOMESLABOR ORGANIZATIONLABORERSLABOUR MARKET CONDITIONSLENDING REQUIREMENTSLEVEL OF ASSETLEVEL OF EDUCATIONLEVELS OF EDUCATIONLIFE SKILLSLIQUIDITYLOANMACROECONOMIC CONDITIONSMACROECONOMIC CONTEXTMACROECONOMIC SHOCKSMATERNITY LEAVENATIONAL AUTHORITIESNATIONAL INCOMENATIONAL LEVELNATIONAL UNEMPLOYMENTNATIONAL UNEMPLOYMENT RATESNATURAL DISASTERSNOMINAL INCOMENUMBER OF WORKERSOCCUPATIONOLDER AGE GROUPSPERSONAL DEVELOPMENTPERSONAL EMPOWERMENTPOPULATION GROWTHPRESS RELEASEPRIMARY EDUCATIONPRIMARY SCHOOLINGPRIMARY SOURCEPRIVATE CREDITPRIVATE SECTORPRIVATE SECTOR EMPLOYEESPROGRESSPUBLIC INFORMATIONPUBLIC INVESTMENTPUBLIC SECTOR EMPLOYMENTPUBLIC WELFAREREAL ESTATEREAL GDPREAL WAGESRECEIPTSRECESSIONREMITTANCESRESPECTRETAIL TRADERETIREMENTRURAL AREASSAFETYSAFETY NETSECONDARY EDUCATIONSECONDARY SCHOOLINGSELF-EMPLOYMENTSERVICE SECTORSEVERANCE PAYMENTSSHORT TERM EMPLOYMENTSICK LEAVESINGLE MOTHERSSKILL DEVELOPMENTSKILLED WORKERSSMALLER HOUSEHOLDSSOCIAL PROGRAMSSOCIAL SECURITYSOCIAL SERVICESTAX REDUCTIONSTELEVISIONTERTIARY EDUCATIONTOTAL EMPLOYMENTUNEMPLOYEDUNEMPLOYED PERSONSUNEMPLOYMENTUNEMPLOYMENT RATEUNIONURBAN AREASVOCATIONAL TRAININGVULNERABLE POPULATIONSWAGE GROWTHWORKERWORKERSWORKFORCEWORKING POPULATIONYOUNG ADULTSYOUNG WORKERSYOUTH UNEMPLOYMENT10.1596/21602