Labor Markets for Inclusive Growth
This policy note outlines short, and medium-term policy options for addressing critical challenges affecting labor markets in Mexico, and in particular labor productivity. As labor is the main source of income for most of the population, poverty is...
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Format: | Policy Note |
Language: | English en_US |
Published: |
Washington, DC
2014
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Online Access: | http://documents.worldbank.org/curated/en/2013/04/17570384/labor-markets-inclusive-growth http://hdl.handle.net/10986/16579 |
Summary: | This policy note outlines short, and
medium-term policy options for addressing critical
challenges affecting labor markets in Mexico, and in
particular labor productivity. As labor is the main source
of income for most of the population, poverty is closely
linked to underemployment and low wages. Yet labor markets
have played a limited role in poverty reduction in Mexico.
Labor income accounted for just 22 percent of the decline in
poverty in Mexico over the last decade compared with 38
percent in the rest of the region. Between the third quarter
of 2008 and the third quarter of 2011, the labor income
poverty index2 continued to decline in Brazil, Ecuador, and
Peru but increased in Mexico. The equivalent measure
produced by CONEVAL (Consejo Nacional de Evaluation), shows
the labor poverty trend to be increasing through the first
quarter of 2012. Finding the right bundle of policies to
improve labor productivity and the functioning of the labor
markets can serve to improve economic growth and welfare outcomes. |
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