Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015

Chapter 1 of the report covers the short-term prospects and provides an analysis of the external factors affecting the region's economic slowdown. The focus is on the adjustment challenges faced by those Latin American countries experiencing a major adverse terms of trade shock, which comes aft...

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Main Authors:	de la Torre, Augusto, Ize, Alain, Beylis, Guillermo, Lederman, Daniel
Format:	Serial
Language:	en_US
Published:	Washington, DC: World Bank 2015
Subjects:	growth household income inequality labor force participation labor income inequality slowdown elasticity inequality terms of trade unemployment
Online Access:	http://hdl.handle.net/10986/22709

id	okr-10986-22709
recordtype	oai_dc
spelling	okr-10986-227092021-04-23T14:04:10Z Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015 de la Torre, Augusto Ize, Alain Beylis, Guillermo Lederman, Daniel growth household income inequality labor force participation labor income inequality slowdown elasticity inequality terms of trade unemployment Chapter 1 of the report covers the short-term prospects and provides an analysis of the external factors affecting the region's economic slowdown. The focus is on the adjustment challenges faced by those Latin American countries experiencing a major adverse terms of trade shock, which comes after an unprecedented (in magnitude and duration) period of terms of trade bonanza. Chapter 2 discusses the key topic of this semiannual report, that is, the implications of the slowdown for labor markets – on jobs and wages. We describe the broad labor market trends observed during the boom and contrast them with the patterns observed during the slowdown. We also describe the implications of the slowdown for inequality. A corollary of the observed labor market patterns during the slowdown is that some of the gains towards greater income equality achieved in the past decade or so may be reversed, at least in part, and that we may see a divergence between labor income inequality and household income inequality, whereby the latter may rise more than the former. 2015-09-30T16:17:00Z 2015-09-30T16:17:00Z 2015-10-05 Serial 978-1-4648-0732-9 http://hdl.handle.net/10986/22709 en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Publications & Research Publications & Research :: Publication Latin America & Caribbean Caribbean Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	growth household income inequality labor force participation labor income inequality slowdown elasticity inequality terms of trade unemployment
spellingShingle	growth household income inequality labor force participation labor income inequality slowdown elasticity inequality terms of trade unemployment de la Torre, Augusto Ize, Alain Beylis, Guillermo Lederman, Daniel Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015
geographic_facet	Latin America & Caribbean Caribbean Latin America
description	Chapter 1 of the report covers the short-term prospects and provides an analysis of the external factors affecting the region's economic slowdown. The focus is on the adjustment challenges faced by those Latin American countries experiencing a major adverse terms of trade shock, which comes after an unprecedented (in magnitude and duration) period of terms of trade bonanza. Chapter 2 discusses the key topic of this semiannual report, that is, the implications of the slowdown for labor markets – on jobs and wages. We describe the broad labor market trends observed during the boom and contrast them with the patterns observed during the slowdown. We also describe the implications of the slowdown for inequality. A corollary of the observed labor market patterns during the slowdown is that some of the gains towards greater income equality achieved in the past decade or so may be reversed, at least in part, and that we may see a divergence between labor income inequality and household income inequality, whereby the latter may rise more than the former.
format	Serial
author	de la Torre, Augusto Ize, Alain Beylis, Guillermo Lederman, Daniel
author_facet	de la Torre, Augusto Ize, Alain Beylis, Guillermo Lederman, Daniel
author_sort	de la Torre, Augusto
title	Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015
title_short	Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015
title_full	Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015
title_fullStr	Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015
title_full_unstemmed	Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015
title_sort	jobs, wages and the latin american slowdown : lac semiannual report, october 2015
publisher	Washington, DC: World Bank
publishDate	2015
url	http://hdl.handle.net/10986/22709
_version_	1764451902120001536

Jobs, Wages and the Latin American Slowdown : LAC Semiannual Report, October 2015

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