Avoiding the Eye of the Storm : How to Deal Effectively with Job Crises

Johansson, Sara; Revenga, Ana; Paci, Pierella; Rijkers, Bob

Avoiding the Eye of the Storm : How to Deal Effectively with Job Crises

Autores

Editor

World Bank, Washington, DC

Descripción

Although economic crises are difficult to predict, their recurrence is a salient feature of emerging market economies. Nevertheless, many developing countries continue to lack an effective policy infrastructure that can mitigate the impacts of economic downturns on employment opportunities without affecting long-term growth prospects. This was painfully highlighted by the hasty reactions implemented by many countries in response to the global downturn of 2008-09, and by the ad hoc and reactive nature of many of the policies implemented. The weak ability of governments to systematically foresee, monitor, and offset adverse labor market impacts of economic downturn is of particular concern in developing countries where poverty incidence is high and labor is typically the only asset for the majority of the population. The main objectives of this note are: 1) to highlight the need for policies that limit earnings volatility; 2) to guide policy makers through the challenges inherent in crafting effective and comprehensive policy packages.

Palabras clave

ACCESS TO FINANCING, ACTIVE LABOR, ACTIVE LABOR MARKET, ACTIVE LABOR MARKET POLICIES, ACTIVE LABOR MARKET PROGRAMS, ACTIVE LABOUR, ACTIVE LABOUR MARKET, ACTIVE LABOUR MARKET POLICIES, AGGREGATE PRODUCTIVITY, ALLOCATION, ALLOCATION OF RESOURCES, BALANCE SHEET, BANKRUPTCY, BANKRUPTCY LAWS, BULLETIN, BUSINESS CYCLE, BUSINESS CYCLES, CAPS, CASH TRANSFER, CASH TRANSFERS, CATALYSTS, CHILD HEALTH, CLIMATE, CREATIVE DESTRUCTION, CREDIT CONSTRAINTS, CREDIT MARKET, CREDIT MARKETS, CREDIT POLICIES, CRISES, DEVELOPING COUNTRIES, DEVELOPMENT ECONOMICS, DISMISSAL, ECONOMIC CRISES, ECONOMIC DOWNTURNS, ECONOMIC RECOVERY, ECONOMIC SHOCKS, EFFECTIVE POLICIES, EMPLOYABILITY, EMPLOYMENT, EMPLOYMENT LEVELS, EMPLOYMENT TRENDS, EXPORT GROWTH, EXPORTERS, FINANCIAL CRISES, FINANCIAL CRISIS, FINANCIAL MARKETS, FIRM ENTRY, FORGIVENESS, FORMAL SECTOR WORKERS, FUEL PRICES, FUTURE GROWTH, GLOBAL EFFORT, GLOBAL TRADE, GLOBALIZATION, GOVERNMENT INTERVENTIONS, HOUSEHOLD ENTERPRISE, HOUSEHOLD INCOME, HUMAN CAPITAL, IMPORT SUBSTITUTION, INCENTIVE PROBLEMS, INCOME, INCOME GROWTH, INNOVATION, INSTITUTIONAL CAPACITY, INSTRUMENT, INSURANCE, INSURANCE MECHANISMS, INTERNATIONAL DEVELOPMENT, INVENTORIES, INVESTMENT CLIMATE, JOB CREATION, JOB DESTRUCTION, JOB SEARCH, JOB SEARCH ASSISTANCE, JOB SEARCH ASSISTANCE SCHEMES, JOB-SEARCH ASSISTANCE, JOBS, JOBS CRISIS, LABOR DEMAND, LABOR INTENSITY, LABOR MARKET, LABOR MARKET ADJUSTMENT, LABOR MARKET INDICATORS, LABOR MARKET INFORMATION, LABOR MARKET INFORMATION SYSTEMS, LABOR MARKET OUTCOMES, LABOR MARKET POLICIES, LABOR MARKET REGULATIONS, LABOR MARKETS, LABOUR, LACK OF INFORMATION, LIMITED RESOURCES, LIVING STANDARDS, LOAN, LONG-TERM COSTS, LOW-INCOME COUNTRIES, MARKET ECONOMIES, MASS UNEMPLOYMENT, MICROCREDIT, MICROFINANCE, MICROFINANCE INSTITUTIONS, MINIMUM WAGES, MONETARY ECONOMICS, NEGATIVE SHOCKS, OVERHEAD COSTS, PAYROLL TAX, POLICY MAKERS, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, POLICY RESPONSES, POLITICAL ECONOMY, PRIVATE SECTOR, PRODUCT MARKET, PRODUCT MARKET REGULATION, PRODUCTIVITY, PROGRAM BENEFICIARIES, PUBLIC DEBT, PUBLIC SERVICES, PUBLIC WORK, PUBLIC WORKS, PUBLIC WORKS PROGRAMS, PUBLIC WORKS SCHEMES, RETURN, RETURNS, RURAL POVERTY, SAFETY, SAFETY NET, SAFETY NETS, SELF-EMPLOYMENT ASSISTANCE, SEVERANCE PAY, SKILLED PERSONS, SKILLS DEVELOPMENT, TRADE LIBERALIZATION, TRADING, TRADING PARTNERS, TRAINING POLICIES, TRAINING PROGRAMS, TRANSITION COUNTRIES, UNEMPLOYMENT, UNEMPLOYMENT BENEFITS, UNEMPLOYMENT INSURANCE, VULNERABILITY, VULNERABLE GROUPS, WAGE SUBSIDIES, WIN-WIN POLICIES, WORKER, WORKER PRODUCTIVITY, WORKERS, WORKING HOURS