How will Labor Markets Adjust to the Crisis? A Dynamic View
Tracking flows of workers among different sectors of employment during economic downturns can shed light on the mechanism of labor market adjustment and inform the design of safety net programs. Though patterns may differ across recessions, the aut...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2009/03/11954044/labor-markets-adjust-crisis-dynamic-view http://hdl.handle.net/10986/10995 |
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okr-10986-109952021-04-23T14:02:53Z How will Labor Markets Adjust to the Crisis? A Dynamic View Maloney, William ABSORPTION OF LABOR BUSINESS CYCLE CRISES DISGUISED UNEMPLOYMENT DRIVERS ECONOMIC DOWNTURNS ECONOMIC SHOCK ECONOMIC SHOCKS ECONOMICS EMPLOYERS EMPLOYMENT EMPLOYMENT STATUS FIRING HIRING INCOME INFORMAL EMPLOYMENT INFORMAL SECTOR JOB LOSS JOB MATCHES JOB SEEKERS JOB SEPARATION JOBS LABOR COST LABOR FORCE LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATOR LABOR MARKETS MACRO ECONOMIC FLUCTUATIONS RETIREMENT SAFETY SAFETY NET SAFETY NETS SELF EMPLOYED SELF EMPLOYMENT SMALL BUSINESS SOCIAL PROTECTION UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WORKERS YOUTH Tracking flows of workers among different sectors of employment during economic downturns can shed light on the mechanism of labor market adjustment and inform the design of safety net programs. Though patterns may differ across recessions, the author find that the generally countercyclical rise in unemployment and informality is driven primarily by a reduction in hiring in the formal sector, rather than increased labor shedding. Further, changes in the rate of separations from informality are the largest determinant of changes in unemployment. Both suggest that safety nets should focus less on formal job loss per se and more generally on movements in family incomes, perhaps revealed through self targeting mechanisms. 2012-08-13T13:49:11Z 2012-08-13T13:49:11Z 2009-03 http://documents.worldbank.org/curated/en/2009/03/11954044/labor-markets-adjust-crisis-dynamic-view http://hdl.handle.net/10986/10995 English Latin America and the Caribbean Region (LCR) Crisis Briefs CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Latin America & Caribbean |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ABSORPTION OF LABOR BUSINESS CYCLE CRISES DISGUISED UNEMPLOYMENT DRIVERS ECONOMIC DOWNTURNS ECONOMIC SHOCK ECONOMIC SHOCKS ECONOMICS EMPLOYERS EMPLOYMENT EMPLOYMENT STATUS FIRING HIRING INCOME INFORMAL EMPLOYMENT INFORMAL SECTOR JOB LOSS JOB MATCHES JOB SEEKERS JOB SEPARATION JOBS LABOR COST LABOR FORCE LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATOR LABOR MARKETS MACRO ECONOMIC FLUCTUATIONS RETIREMENT SAFETY SAFETY NET SAFETY NETS SELF EMPLOYED SELF EMPLOYMENT SMALL BUSINESS SOCIAL PROTECTION UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WORKERS YOUTH |
| spellingShingle |
ABSORPTION OF LABOR BUSINESS CYCLE CRISES DISGUISED UNEMPLOYMENT DRIVERS ECONOMIC DOWNTURNS ECONOMIC SHOCK ECONOMIC SHOCKS ECONOMICS EMPLOYERS EMPLOYMENT EMPLOYMENT STATUS FIRING HIRING INCOME INFORMAL EMPLOYMENT INFORMAL SECTOR JOB LOSS JOB MATCHES JOB SEEKERS JOB SEPARATION JOBS LABOR COST LABOR FORCE LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATOR LABOR MARKETS MACRO ECONOMIC FLUCTUATIONS RETIREMENT SAFETY SAFETY NET SAFETY NETS SELF EMPLOYED SELF EMPLOYMENT SMALL BUSINESS SOCIAL PROTECTION UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT RATE WAGES WORKERS YOUTH Maloney, William How will Labor Markets Adjust to the Crisis? A Dynamic View |
| geographic_facet |
Latin America & Caribbean |
| relation |
Latin America and the Caribbean Region (LCR) Crisis Briefs |
| description |
Tracking flows of workers among
different sectors of employment during economic downturns
can shed light on the mechanism of labor market adjustment
and inform the design of safety net programs. Though
patterns may differ across recessions, the author find that
the generally countercyclical rise in unemployment and
informality is driven primarily by a reduction in hiring in
the formal sector, rather than increased labor shedding.
Further, changes in the rate of separations from informality
are the largest determinant of changes in unemployment. Both
suggest that safety nets should focus less on formal job
loss per se and more generally on movements in family
incomes, perhaps revealed through self targeting mechanisms. |
| format |
Publications & Research :: Brief |
| author |
Maloney, William |
| author_facet |
Maloney, William |
| author_sort |
Maloney, William |
| title |
How will Labor Markets Adjust to the Crisis? A Dynamic View |
| title_short |
How will Labor Markets Adjust to the Crisis? A Dynamic View |
| title_full |
How will Labor Markets Adjust to the Crisis? A Dynamic View |
| title_fullStr |
How will Labor Markets Adjust to the Crisis? A Dynamic View |
| title_full_unstemmed |
How will Labor Markets Adjust to the Crisis? A Dynamic View |
| title_sort |
how will labor markets adjust to the crisis? a dynamic view |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2009/03/11954044/labor-markets-adjust-crisis-dynamic-view http://hdl.handle.net/10986/10995 |
| _version_ |
1764415133288759296 |