Coping with Crises : Policies to Protect Employment and Earnings

The continuing failure of many countries to adequately mitigate the adverse labor market impacts of economic downturns is of concern, since labor market volatility can exacerbate poverty and stunt growth. This article aims to identify potentially effective policies responses to crises by navigating...

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Main Authors:	Paci, Pierella, Revenga, Ana, Rijkers, Bob
Format:	Journal Article
Language:	en_US
Published:	Oxford University Press on behalf of the World Bank 2013
Subjects:	Crises economic crises economic downturns economic recovery Employment employment opportunities future labor human capital income infant mortality insurance labor demand labor market labor productivity labor supply political economy safety safety nets skilled workers wages
Online Access:	http://hdl.handle.net/10986/15349

id	okr-10986-15349
recordtype	oai_dc
spelling	okr-10986-153492021-04-23T14:03:22Z Coping with Crises : Policies to Protect Employment and Earnings Paci, Pierella Revenga, Ana Rijkers, Bob Crises economic crises economic downturns economic recovery Employment employment opportunities future labor human capital income infant mortality insurance labor demand labor market labor productivity labor supply political economy safety safety nets skilled workers wages The continuing failure of many countries to adequately mitigate the adverse labor market impacts of economic downturns is of concern, since labor market volatility can exacerbate poverty and stunt growth. This article aims to identify potentially effective policies responses to crises by navigating the potential tradeoffs between offsetting adverse short-term impacts of economic downturns on the quantity and quality of jobs, and preserving incentives for economic recovery. The authors propose a taxonomy that categorizes interventions depending on whether they mitigate the negative short-term impact of crises or whether they stimulate recovery. The taxonomy helps policymakers to identify “win–win” policies that avoid potential tradeoffs between these objectives by simultaneously serving both. Common elements of effective interventions are feasibility, flexibility (for example the capacity for scaling up and down), and incentive compatibility—and there is no substitute for being prepared. Having sound safety nets in place before a crisis is superior to haphazardly implementing responses after a crisis hits. 2013-08-26T17:39:00Z 2013-08-26T17:39:00Z 2012-02-01 Journal Article World Bank Research Observer 1564-6971 doi:10.1093/wbro/lkr004 http://hdl.handle.net/10986/15349 en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank Oxford University Press on behalf of the World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	en_US
topic	Crises economic crises economic downturns economic recovery Employment employment opportunities future labor human capital income infant mortality insurance labor demand labor market labor productivity labor supply political economy safety safety nets skilled workers wages
spellingShingle	Crises economic crises economic downturns economic recovery Employment employment opportunities future labor human capital income infant mortality insurance labor demand labor market labor productivity labor supply political economy safety safety nets skilled workers wages Paci, Pierella Revenga, Ana Rijkers, Bob Coping with Crises : Policies to Protect Employment and Earnings
description	The continuing failure of many countries to adequately mitigate the adverse labor market impacts of economic downturns is of concern, since labor market volatility can exacerbate poverty and stunt growth. This article aims to identify potentially effective policies responses to crises by navigating the potential tradeoffs between offsetting adverse short-term impacts of economic downturns on the quantity and quality of jobs, and preserving incentives for economic recovery. The authors propose a taxonomy that categorizes interventions depending on whether they mitigate the negative short-term impact of crises or whether they stimulate recovery. The taxonomy helps policymakers to identify “win–win” policies that avoid potential tradeoffs between these objectives by simultaneously serving both. Common elements of effective interventions are feasibility, flexibility (for example the capacity for scaling up and down), and incentive compatibility—and there is no substitute for being prepared. Having sound safety nets in place before a crisis is superior to haphazardly implementing responses after a crisis hits.
format	Journal Article
author	Paci, Pierella Revenga, Ana Rijkers, Bob
author_facet	Paci, Pierella Revenga, Ana Rijkers, Bob
author_sort	Paci, Pierella
title	Coping with Crises : Policies to Protect Employment and Earnings
title_short	Coping with Crises : Policies to Protect Employment and Earnings
title_full	Coping with Crises : Policies to Protect Employment and Earnings
title_fullStr	Coping with Crises : Policies to Protect Employment and Earnings
title_full_unstemmed	Coping with Crises : Policies to Protect Employment and Earnings
title_sort	coping with crises : policies to protect employment and earnings
publisher	Oxford University Press on behalf of the World Bank
publishDate	2013
url	http://hdl.handle.net/10986/15349
_version_	1764431012214865920

Coping with Crises : Policies to Protect Employment and Earnings

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