Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries
This note presents early evidence on the labor market impacts of the recent economic crisis in 41 middle-income countries. A broader geographic coverage is prevented by the lack of high-frequency labor market data in other middle-income countries a...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/04/12165783/fewer-jobs-or-smaller-paychecks-labor-market-impacts-recent-crisis-middle-income-countries http://hdl.handle.net/10986/10197 |
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okr-10986-101972021-04-23T14:02:49Z Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries Khanna, Gaurav Newhouse, David Paci, Pierella CASH TRANSFERS CONSUMER PRICE INDEXES CRISES CURRENCY DEVELOPING COUNTRIES EARNINGS EARNINGS GROWTH ECONOMIC POLICY EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT OPPORTUNITIES EXPORTERS FINANCIAL CRISIS FLOATING RATES GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INCOME MAINTENANCE INCOME MAINTENANCE PROGRAMS INCOME TAX INDUSTRIAL SECTOR INFLATION INSTITUTIONAL CAPACITY JOBS LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATORS LOW-INCOME COUNTRIES MARKET DATA POLICY INTERVENTION POLICY INTERVENTIONS POLICY MAKERS POLICY PACKAGE POLICY RESPONSES POLITICAL ECONOMY POLITICAL ECONOMY CONSTRAINTS POVERTY REDUCTION PRODUCTIVITY PUBLIC WORKS REAL WAGE SOCIAL PROTECTION TAX CREDITS TEMPORARY WAGE SUBSIDIES TOTAL EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT BENEFIT UNEMPLOYMENT BENEFIT SYSTEM UNEMPLOYMENT INSURANCE URBAN AREAS WAGE BILL WAGES WORKERS WORKING HOURS This note presents early evidence on the labor market impacts of the recent economic crisis in 41 middle-income countries. A broader geographic coverage is prevented by the lack of high-frequency labor market data in other middle-income countries and in the low-income countries. Whereas the economic downturn has threatened recent progress in enhancing employment opportunities, the impact has fallen disproportionately on the quality of employment rather than on the number of jobs. Slower growth in earnings accounts for nearly three quarters of the total adjustment for the average country. The bulk of the earnings adjustment was driven by a reduction in working hours, as well as a shift away from the better-paid industrial sector. Evidence of the adjustment's nature and magnitude suggests a policy package that combines: (1) income maintenance programs that is, cash transfers to low-paid poor workers; (2) interventions that facilitate flexible-hours arrangements; and (3) innovative policies that provide workers access to income maintenance mechanisms to compensate for temporary reductions in standard working hours for example, by granting partial compensation from the unemployment benefit system or by providing paid training opportunities. 2012-08-13T10:42:13Z 2012-08-13T10:42:13Z 2010-04 http://documents.worldbank.org/curated/en/2010/04/12165783/fewer-jobs-or-smaller-paychecks-labor-market-impacts-recent-crisis-middle-income-countries http://hdl.handle.net/10986/10197 English Economic Premise; No. 11 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CASH TRANSFERS CONSUMER PRICE INDEXES CRISES CURRENCY DEVELOPING COUNTRIES EARNINGS EARNINGS GROWTH ECONOMIC POLICY EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT OPPORTUNITIES EXPORTERS FINANCIAL CRISIS FLOATING RATES GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INCOME MAINTENANCE INCOME MAINTENANCE PROGRAMS INCOME TAX INDUSTRIAL SECTOR INFLATION INSTITUTIONAL CAPACITY JOBS LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATORS LOW-INCOME COUNTRIES MARKET DATA POLICY INTERVENTION POLICY INTERVENTIONS POLICY MAKERS POLICY PACKAGE POLICY RESPONSES POLITICAL ECONOMY POLITICAL ECONOMY CONSTRAINTS POVERTY REDUCTION PRODUCTIVITY PUBLIC WORKS REAL WAGE SOCIAL PROTECTION TAX CREDITS TEMPORARY WAGE SUBSIDIES TOTAL EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT BENEFIT UNEMPLOYMENT BENEFIT SYSTEM UNEMPLOYMENT INSURANCE URBAN AREAS WAGE BILL WAGES WORKERS WORKING HOURS |
| spellingShingle |
CASH TRANSFERS CONSUMER PRICE INDEXES CRISES CURRENCY DEVELOPING COUNTRIES EARNINGS EARNINGS GROWTH ECONOMIC POLICY EMPLOYMENT EMPLOYMENT GROWTH EMPLOYMENT OPPORTUNITIES EXPORTERS FINANCIAL CRISIS FLOATING RATES GROWTH RATE GROWTH RATES HUMAN DEVELOPMENT INCOME INCOME MAINTENANCE INCOME MAINTENANCE PROGRAMS INCOME TAX INDUSTRIAL SECTOR INFLATION INSTITUTIONAL CAPACITY JOBS LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATORS LOW-INCOME COUNTRIES MARKET DATA POLICY INTERVENTION POLICY INTERVENTIONS POLICY MAKERS POLICY PACKAGE POLICY RESPONSES POLITICAL ECONOMY POLITICAL ECONOMY CONSTRAINTS POVERTY REDUCTION PRODUCTIVITY PUBLIC WORKS REAL WAGE SOCIAL PROTECTION TAX CREDITS TEMPORARY WAGE SUBSIDIES TOTAL EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT BENEFIT UNEMPLOYMENT BENEFIT SYSTEM UNEMPLOYMENT INSURANCE URBAN AREAS WAGE BILL WAGES WORKERS WORKING HOURS Khanna, Gaurav Newhouse, David Paci, Pierella Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries |
| relation |
Economic Premise; No. 11 |
| description |
This note presents early evidence on the
labor market impacts of the recent economic crisis in 41
middle-income countries. A broader geographic coverage is
prevented by the lack of high-frequency labor market data in
other middle-income countries and in the low-income
countries. Whereas the economic downturn has threatened
recent progress in enhancing employment opportunities, the
impact has fallen disproportionately on the quality of
employment rather than on the number of jobs. Slower growth
in earnings accounts for nearly three quarters of the total
adjustment for the average country. The bulk of the earnings
adjustment was driven by a reduction in working hours, as
well as a shift away from the better-paid industrial sector.
Evidence of the adjustment's nature and magnitude
suggests a policy package that combines: (1) income
maintenance programs that is, cash transfers to low-paid
poor workers; (2) interventions that facilitate
flexible-hours arrangements; and (3) innovative policies
that provide workers access to income maintenance mechanisms
to compensate for temporary reductions in standard working
hours for example, by granting partial compensation from the
unemployment benefit system or by providing paid training opportunities. |
| format |
Publications & Research :: Brief |
| author |
Khanna, Gaurav Newhouse, David Paci, Pierella |
| author_facet |
Khanna, Gaurav Newhouse, David Paci, Pierella |
| author_sort |
Khanna, Gaurav |
| title |
Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries |
| title_short |
Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries |
| title_full |
Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries |
| title_fullStr |
Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries |
| title_full_unstemmed |
Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries |
| title_sort |
fewer jobs or smaller paychecks? labor market impacts of the recent crisis in middle-income countries |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2010/04/12165783/fewer-jobs-or-smaller-paychecks-labor-market-impacts-recent-crisis-middle-income-countries http://hdl.handle.net/10986/10197 |
| _version_ |
1764412209780228096 |