Labor Markets and the Crisis in Latin America and the Caribbean (A Preliminary Review for Selected Countries)

Countries in Latin America and the Caribbean are experiencing the impact of the international financial crisis on labor markets across different dimensions, such as employment, wages and the quality of labor market arrangements. This note reviews a selected group of countries to assess the speed and severity of labor market impacts. It identifies patterns in the changing labor market conditions, such as specific sectors or types of workers being affected. It also describes countries' preparedness and capacity to respond to the crisis and the specific policy responses being implemented. The review finds a large variation in impacts and responses in the context of increases in unemployment rates that range from 0.4 to 2.1 percentage points. The impacts of the crisis are evolving rapidly but seem to have a more noticeable negative effect among salaried workers in Brazil and Chile whereas in Colombia non-salaried workers have been affected the most. Mexico shows both types of workers as being seriously hit by the recession.

Bibliographic Details

Main Authors:	Freije-Rodríguez, Samuel, Murrugarra, Edmundo
Format:	Brief biblioteca
Language:	English
Published:	World Bank, Washington, DC 2009-06
Subjects:	ACCOUNTING, ACTIVE LABOR, AVERAGE UNEMPLOYMENT, AVERAGE UNEMPLOYMENT RATE, COMMERCE, DISMISSAL, DRIVERS, ECONOMIC GROWTH, ECONOMIC SLOWDOWN, EMPLOYABILITY, EMPLOYMENT, EMPLOYMENT CREATION, EMPLOYMENT GENERATION, EMPLOYMENT GROWTH, EMPLOYMENT GROWTH RATE, EMPLOYMENT PROGRAM, EMPLOYMENT PROGRAMS, EMPLOYMENT REDUCTION, EMPLOYMENT SUBSIDIES, EMPLOYMENT SUBSIDY, EXPENDITURE, HEALTH INSURANCE, HOUSEHOLD INCOME, INFLATION, INFORMAL EMPLOYMENT, INFORMAL LABOR MARKET, INFORMAL SECTOR, INFORMAL SECTOR WORKERS, JOB DESTRUCTION, JOB LOSSES, JOBS, LABOR CONTRACTS, LABOR COST, LABOR DEMAND, LABOR FORCE, LABOR MARKET, LABOR MARKET ARRANGEMENTS, LABOR MARKET CONDITIONS, LABOR MARKET INDICATORS, LABOR MARKET INTERVENTIONS, LABOR MARKET OUTCOMES, LABOR MARKET PERFORMANCE, LABOR MARKET POLICIES, LABOR MARKET POLICY, LABOR MARKETS, LABOR OFFICE, LABOR POLICIES, LABOR STATISTICS, MATERNITY BENEFITS, MINIMUM WAGE, MINIMUM WAGES, NET EMPLOYMENT, NET JOB CREATION, NET JOB LOSSES, NOMINAL WAGES, NUMBER OF WORKERS, OCCUPATIONS, OPEN UNEMPLOYMENT, PASSIVE LABOR, PASSIVE LABOR MARKET PROGRAMS, PAYROLL TAX, POLICY DIALOGUE, POLICY MAKERS, POLICY RESPONSE, PRELIMINARY ANALYSIS, PRIVATE SECTOR, PRIVATE SECTOR WORKERS, PRIVATE SECTORS, PRIVATE SERVICES, PUBLIC POLICY, PUBLIC WORKS, PURCHASING, PURCHASING POWER, RATES OF GROWTH, REAL INCOME, REAL WAGES, RESPECT, RETAIL, RETIREMENT, RISING UNEMPLOYMENT, SALARIED EMPLOYMENT, SALARIED WORKERS, SECONDARY EDUCATION, SERVICE SECTOR, SMALL ENTERPRISES, SOCIAL POLICY, SOCIAL PROGRAMS, SOCIAL PROTECTION, SOCIAL SECURITY, SOCIAL SERVICES, TECHNICAL TRAINING, TEMPORARY EMPLOYMENT, TOTAL EMPLOYMENT, TRAINING INSTITUTION, TRANSPORTATION, UNEMPLOYED, UNEMPLOYED INDIVIDUALS, UNEMPLOYED WORKERS, UNEMPLOYMENT, UNEMPLOYMENT COMPENSATION, UNEMPLOYMENT FIGURES, UNEMPLOYMENT INSURANCE, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, UNEMPLOYMENT SPELLS, UNPAID WORKERS, URBAN AREAS, URBAN EMPLOYMENT, VULNERABLE GROUPS, WAGE INCREASES, WAGE SUBSIDIES, WAGE SUBSIDY, WORKERS, WORKING POPULATION, YOUTH EMPLOYMENT, YOUTH UNEMPLOYMENT,
Online Access:	http://documents.worldbank.org/curated/en/2009/06/11953773/labor-markets-crisis-latin-america-caribbean-preliminary-review-selected-countries http://hdl.handle.net/10986/10979
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