Georgia : Skills Mismatch and Unemployment, Labor Market Challenges

This paper reviews labor market performance in Georgia, and examines the link between labor market outcomes and poverty. At over 15 percent, the unemployment rate in the country is high by European standards. Georgia faces three main labor market i...

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Main Author: World Bank
Format: Policy Note
Language:English
en_US
Published: Washington, DC 2013
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2013/03/18060967/georgia-skills-mismatch-unemployment-labor-market-challenges
http://hdl.handle.net/10986/15985
id okr-10986-15985
recordtype oai_dc
spelling okr-10986-159852021-04-23T14:03:23Z Georgia : Skills Mismatch and Unemployment, Labor Market Challenges World Bank labor market developments labor market poverty labor market status labor force indicators wage distribution worker characteristics job characteristics This paper reviews labor market performance in Georgia, and examines the link between labor market outcomes and poverty. At over 15 percent, the unemployment rate in the country is high by European standards. Georgia faces three main labor market issues: (a) underutilization of labor resources, (b) earnings inequality, and (c) skills mismatch. All three have a negative impact on poverty. There is a mismatch between the demand for highly educated workers and their supply. Improving labor market outcomes is key to poverty reduction. This requires supporting the creation of more and better jobs in order to absorb the surplus labor and increase earnings. It also requires improving the quality of education to reduce the skills mismatch and support modernization of the Georgian economy. Finally, improving labor market outcomes requires developing institutions that improve access to jobs, reduce income inequality, and effectively protect core worker rights. The analysis presented in this paper represents individual level data from the 2010 Household Budget Survey (HBS) implemented by the National Statistics Office of Georgia (Geostat). 2013-10-01T19:23:53Z 2013-10-01T19:23:53Z 2013-03 http://documents.worldbank.org/curated/en/2013/03/18060967/georgia-skills-mismatch-unemployment-labor-market-challenges http://hdl.handle.net/10986/15985 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Policy Note Economic & Sector Work Europe and Central Asia Georgia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic labor market developments
labor market
poverty
labor market status
labor force indicators
wage distribution
worker characteristics
job characteristics
spellingShingle labor market developments
labor market
poverty
labor market status
labor force indicators
wage distribution
worker characteristics
job characteristics
World Bank
Georgia : Skills Mismatch and Unemployment, Labor Market Challenges
geographic_facet Europe and Central Asia
Georgia
description This paper reviews labor market performance in Georgia, and examines the link between labor market outcomes and poverty. At over 15 percent, the unemployment rate in the country is high by European standards. Georgia faces three main labor market issues: (a) underutilization of labor resources, (b) earnings inequality, and (c) skills mismatch. All three have a negative impact on poverty. There is a mismatch between the demand for highly educated workers and their supply. Improving labor market outcomes is key to poverty reduction. This requires supporting the creation of more and better jobs in order to absorb the surplus labor and increase earnings. It also requires improving the quality of education to reduce the skills mismatch and support modernization of the Georgian economy. Finally, improving labor market outcomes requires developing institutions that improve access to jobs, reduce income inequality, and effectively protect core worker rights. The analysis presented in this paper represents individual level data from the 2010 Household Budget Survey (HBS) implemented by the National Statistics Office of Georgia (Geostat).
format Economic & Sector Work :: Policy Note
author World Bank
author_facet World Bank
author_sort World Bank
title Georgia : Skills Mismatch and Unemployment, Labor Market Challenges
title_short Georgia : Skills Mismatch and Unemployment, Labor Market Challenges
title_full Georgia : Skills Mismatch and Unemployment, Labor Market Challenges
title_fullStr Georgia : Skills Mismatch and Unemployment, Labor Market Challenges
title_full_unstemmed Georgia : Skills Mismatch and Unemployment, Labor Market Challenges
title_sort georgia : skills mismatch and unemployment, labor market challenges
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2013/03/18060967/georgia-skills-mismatch-unemployment-labor-market-challenges
http://hdl.handle.net/10986/15985
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