Labor Market Reform and Job Creation
Author | : J. Luis Guasch |
Publisher | : World Bank Publications |
Total Pages | : 128 |
Release | : 1999-01-01 |
ISBN-10 | : 0821344153 |
ISBN-13 | : 9780821344156 |
Rating | : 4/5 (53 Downloads) |
Book excerpt: Despite the resumption of economic growth in most Latin America and Caribbean (LAC) countries since the late 1980s, improvements on the employment/unemployment front fave been sluggish at best, with a few notable exceptions. In many countries, renewed growth in LAC in the 1990s has so far failed to generate adequate new jobs in place of those lost during the adjustment , and to restore wages to precrisis levels. After a number of years of relatively high economic growth, the employment outlook in many countries remains worrisome. In those countries where unemployment rates appear to be low, often as a result of how they are measured, the concern is the low quality and renumeration levels of available jobs.