Marouani, Mohamed A.Robalino, David A.2012-05-312012-05-312008-07https://hdl.handle.net/10986/6821This paper develops a general equilibrium model to analyze the marginal and joint impacts that alternative macroeconomic, education, and social protection policies have on the dynamics of employment and unemployment by skill level. The model introduces a disaggregated treatment of the labor market that incorporates an informal sub-sector in every sector of the economy. The analysis explicitly models the distribution of skills in the labor force by following over time sex-age cohorts across various levels of the education system and in the labor market. And it integrates a module that projects the revenues and expenditures of the pension system. The model is applied to the case of Morocco. Simulations show that even under positive assumptions regarding economic growth, unemployment rates are likely to remain close to current levels in the next decade. The paper argues that only an integrated package of policies that affect the macro-economy, the investment climate, and the education and social protection systems would allow sustainable creation of enough "good quality" jobs.CC BY 3.0 IGOACCESS TO EDUCATIONACCOUNTINGACCUMULATION MODELADJUSTMENT POLICIESAGE CATEGORIESAGGREGATE EMPLOYMENTAGGREGATE PRODUCTIVITYAGGREGATE UNEMPLOYMENTAGGREGATE UNEMPLOYMENT RATEAGRICULTURAL SECTORAGRICULTUREAVERAGE GROWTHAVERAGE PENSIONAVERAGE WAGEAVERAGE WAGESBARGAININGBARGAINING POWERBASKET OF GOODSBENEFIT FORMULASBONDSCAPITAL ACCUMULATIONCOMMODITIESCOMPETITIVENESSCOMPREHENSIVE STRATEGYCONTRIBUTIONCONTRIBUTION RATECONTRIBUTION RATESCOST OF LABORCURRENT ACCOUNTDEMAND FOR CAPITALDEMOGRAPHIC COMPOSITIONDEPRECIATIONDEVELOPMENT ECONOMICSDISABILITYDISEQUILIBRIUMDIVERSIFICATIONDOWNWARD RIGIDITY OF WAGESEARLY RETIREMENTEARNINGSECONOMIC ANALYSISECONOMIC GROWTHECONOMIC SECTORSECONOMIC THEORYECONOMICSEDUCATED INDIVIDUALSEDUCATION LEVELSEDUCATION SYSTEMELASTICITYELASTICITY OF SUBSTITUTIONEMPLOYERSEMPLOYMENTEMPLOYMENT DYNAMICSEMPLOYMENT LEVELSEMPLOYMENT POLICIESEMPLOYMENT POLICYEMPLOYMENT PROSPECTSENROLLMENTEXCHANGE RATEEXCLUSIONEXOGENOUS VARIABLESEXPECTED WAGEEXPENDITUREEXPENDITURESEXPORTSFAMILY SUPPORTFINANCESFINANCIAL SECTORFINANCIAL SUSTAINABILITYFISCAL DEFICITFISCAL SUSTAINABILITYFIXED RATEFORMAL EDUCATIONFUNCTIONAL FORMSGDPGDP PER CAPITAGENDERGENERAL EQUILIBRIUMGENERAL EQUILIBRIUM MODELSGOVERNMENT SUBSIDIESHEALTH INSURANCEHIGH UNEMPLOYMENTHIGH UNEMPLOYMENT RATEHIGH UNEMPLOYMENT RATESHOUSEHOLD SURVEYHOUSEHOLDSHUMAN CAPITALIN-SERVICE TRAININGINCOMEINCOME DISTRIBUTIONINCOME TAXESINFLATIONINFORMAL SECTORINITIAL UNEMPLOYMENTINNOVATIONINNOVATIONSINTEREST PAYMENTSINTERNATIONAL BANKINTERNATIONAL MARKETSINTERNATIONAL MIGRATIONINVESTMENT CLIMATEJOBSLABOR COSTSLABOR DEMANDLABOR FORCELABOR FORCE GROWTHLABOR FORCE PARTICIPATIONLABOR FORCE SURVEYLABOR FORCE SURVEYSLABOR MARKETLABOR MARKET ISSUESLABOR MARKET OUTCOMESLABOR MARKET POLICIESLABOR MARKET POLICYLABOR MARKET SEGMENTATIONLABOR MARKETSLABOR MOBILITYLABOR PRODUCTIVITYLABOR SUPPLYLABOURLACK OF ACCESSMACROECONOMIC EFFECTSMACROECONOMIC POLICIESMACROECONOMIC STABILITYMARGINAL PROPENSITY TO SAVEMARKET SHAREMIDDLE EASTMINIMUM WAGEMINIMUM WAGESMONOPOLYMORTALITYNATIONAL UNEMPLOYMENTNATIONAL UNEMPLOYMENT RATENEW JOBSNORTH AFRICAOPPORTUNITY COSTOPTIMIZATIONPENSIONPENSION FUNDSPENSION RIGHTSPENSION SYSTEMPENSIONSPENSIONS SYSTEMPERMANENT WORKERSPOLITICAL ECONOMYPOST SECONDARY EDUCATIONPRESENT VALUEPRIMARY EDUCATIONPRIVATE INSTITUTIONSPROBABILITYPRODUCTION FUNCTIONPRODUCTION FUNCTIONSPRODUCTIVITY GROWTHPRODUCTIVITY GROWTH RATEPRODUCTIVITY INCREASESPUBLIC DEBTRATES OF RETURNREAL GDPREASONABLE ASSUMPTIONSREMITTANCESREPLACEMENT RATESSALARIESSAVINGSSERVANTSSEVERANCE PAYSKILL TYPESKILLED WORKERSSKILLS DEVELOPMENTSOCIAL INSURANCESOCIAL PROTECTIONSOCIAL SECURITYSOCIAL SECURITY CONTRIBUTIONSSTOCKSSUBSTITUTION EFFECTTAX RATESTAXATIONTEMPORARY WORKERSTOTAL FACTOR PRODUCTIVITYTOTAL FACTOR PRODUCTIVITY GROWTHTOTAL PRODUCTIVITY GROWTHTOTAL SAVINGSTOTAL UNEMPLOYMENTTOTAL WAGETRADE POLICYTRAINING POLICIESTRAINING SYSTEMUNEMPLOYEDUNEMPLOYMENTUNEMPLOYMENT FIGURESUNEMPLOYMENT INSURANCEUNEMPLOYMENT LEVELUNEMPLOYMENT PROBLEMUNEMPLOYMENT RATESUNEMPLOYMENT REDUCTIONUNIONUNSKILLED LABORUNSKILLED WORKERSURBAN AREASURBAN EMPLOYMENTURBAN UNEMPLOYMENTVALUE ADDEDVOCATIONAL TRAININGWAGE BILLWAGE DIFFERENTIALWORKERWORKERSWorld Bank10.1596/1813-9450-4681