The Jobs Crisis : Household and Government Responses to the Great Recession in Eastern Europe and Central Asia
The financial crisis swiftly expanded into an economic crisis throughout America and Western Europe, from where it spread to developing countries that had depended on foreign direct investment, consumer and mortgage credit, trade, and remittances....
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| Format: | Publication |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110411025804 http://hdl.handle.net/10986/2287 |
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okr-10986-2287 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCRUALS ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAM ACTIVE LABOR MARKET PROGRAMS ASSISTANCE PROGRAMS AUTOMATIC STABILIZER BANK FAILURES BENEFICIARIES BORROWING BUDGET DEFICITS CAPITAL FLOWS CAPITAL INVESTMENTS CENTRAL GOVERNMENTS CHILD LABOR CONSOLIDATION COPING STRATEGIES COUNTRY-SPECIFIC FACTORS COVARIATE SHOCKS CREDIT MARKETS DEBT DEVELOPMENT BANK DURABLE GOODS ECONOMIC CRISES ECONOMIC DOWNTURN ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC RECOVERY EDUCATION PROGRAMS EDUCATIONAL ATTAINMENT EDUCATIONAL SERVICES ELIGIBILITY CRITERIA EMPLOYABILITY EMPLOYMENT GROWTH EMPLOYMENT OFFICES EMPLOYMENT PROSPECTS EMPLOYMENT PROTECTION LEGISLATION EMPLOYMENT REDUCTION ETHNIC GROUPS ETHNIC MINORITIES FAMILY LABOR FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL MARKETS FIRING COSTS FISCAL CONSTRAINTS FISCAL DEFICITS FISCAL DISCIPLINE FLEXIBLE LABOR MARKETS FOOD EXPENDITURES FOOD SECURITY FOREIGN LABOR GOVERNMENT HEALTH GROSS DOMESTIC PRODUCT GROSS WAGES HEALTH EXPENDITURES HEALTH INSURANCE HIGH EMPLOYMENT HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES HOUSEHOLD CHARACTERISTICS HOUSEHOLD ENTERPRISE HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLD WELFARE HUMAN CAPITAL HUMAN CAPITAL INVESTMENTS HUMAN DEVELOPMENT IDIOSYNCRATIC SHOCKS INCOME LOSSES INCOME SHOCKS INCOME SUPPORT INFLATION INFLATION RATES INFLEXIBLE LABOR INFORMAL CREDIT INFORMAL SAFETY NETS INFORMAL SECTOR INFORMAL TRANSFERS INSURANCE PROGRAM INTERNATIONAL BANK JOB LOSS JOB LOSSES JOB SEEKERS JOB VACANCY JOBS JOBS CRISES JOBS CRISIS LABOR ADJUSTMENT LABOR COSTS LABOR DEMAND LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAWS LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET CONDITIONS LABOR MARKET POLICY LABOR MARKET REGULATIONS LABOR MARKETS LABOR PROGRAMS LABOR REGULATIONS LABOR SUPPLY LABOR UNION LABOUR LAYOFF LAYOFFS LEAVE OF ABSENCE LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM UNEMPLOYMENT LOW EMPLOYMENT MACROECONOMIC CONDITIONS MACROECONOMIC CRISIS MACROECONOMIC SHOCKS MANPOWER MANPOWER POLICY MANUFACTURING INDUSTRIES MARKET ECONOMIES MARKET ECONOMY MEDICAL CARE MEDICAL INSURANCE MINIMUM INCOME MINIMUM WAGE MINISTRIES OF FINANCE MITIGATION STRATEGIES MONETARY FUND MORAL HAZARD NATURAL DISASTERS NEW ENTRANTS NUTRITIONAL STATUS OPPORTUNITY COSTS PART-TIME EMPLOYMENT PASSIVE LABOR PASSIVE LABOR MARKET PROGRAMS PENALTIES PENSION PENSIONS POCKET EXPENSES POLICY RESPONSES POOR POVERTY REDUCTION PREVENTATIVE HEALTH PREVENTIVE CARE PRIMARY SCHOOL PRIVATE SECTOR PRODUCT MARKET PRODUCT MARKETS PROFITABILITY PROGRAM DESIGN PUBLIC EMPLOYMENT PUBLIC SAVINGS PUBLIC SPENDING PUBLIC WORKS PUBLIC WORKS PROGRAMS REAL WAGE REAL WAGES RECESSIONS REMITTANCE REMITTANCES RETIREMENT SAFETY SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SAVINGS SELF EMPLOYMENT SERVICE SECTOR SEVERANCE PAY SHOCK SKILLED WORKERS SOCIAL ASSISTANCE SOCIAL BENEFITS SOCIAL FUND SOCIAL IMPACTS SOCIAL INVESTMENT SOCIAL POLICY SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SAFETY NETS SOCIAL SECURITY SOCIAL TRANSFERS STRUCTURAL REFORMS STRUCTURAL UNEMPLOYMENT SUBSIDIARY TARGETING TEMPORARY EMPLOYMENT TOTAL EMPLOYMENT TOTAL WORKERS UNEMPLOYED UNEMPLOYED PEOPLE UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT FIGURES UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE BENEFITS UNEMPLOYMENT OFFICE VULNERABLE GROUPS VULNERABLE HOUSEHOLDS WAGE BILL WAGE LEVELS WAGE RATE WAGE RATES WAGE SUBSIDIES WAGE SUBSIDY WAGE SUBSIDY PROGRAMS WAGE WORKERS WAR WORK EXPERIENCE WORKER WORKERS WORKING HOURS YOUNGER WORKERS YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATE YOUTH UNEMPLOYMENT RATES |
| spellingShingle |
ACCRUALS ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAM ACTIVE LABOR MARKET PROGRAMS ASSISTANCE PROGRAMS AUTOMATIC STABILIZER BANK FAILURES BENEFICIARIES BORROWING BUDGET DEFICITS CAPITAL FLOWS CAPITAL INVESTMENTS CENTRAL GOVERNMENTS CHILD LABOR CONSOLIDATION COPING STRATEGIES COUNTRY-SPECIFIC FACTORS COVARIATE SHOCKS CREDIT MARKETS DEBT DEVELOPMENT BANK DURABLE GOODS ECONOMIC CRISES ECONOMIC DOWNTURN ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC RECOVERY EDUCATION PROGRAMS EDUCATIONAL ATTAINMENT EDUCATIONAL SERVICES ELIGIBILITY CRITERIA EMPLOYABILITY EMPLOYMENT GROWTH EMPLOYMENT OFFICES EMPLOYMENT PROSPECTS EMPLOYMENT PROTECTION LEGISLATION EMPLOYMENT REDUCTION ETHNIC GROUPS ETHNIC MINORITIES FAMILY LABOR FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL MARKETS FIRING COSTS FISCAL CONSTRAINTS FISCAL DEFICITS FISCAL DISCIPLINE FLEXIBLE LABOR MARKETS FOOD EXPENDITURES FOOD SECURITY FOREIGN LABOR GOVERNMENT HEALTH GROSS DOMESTIC PRODUCT GROSS WAGES HEALTH EXPENDITURES HEALTH INSURANCE HIGH EMPLOYMENT HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES HOUSEHOLD CHARACTERISTICS HOUSEHOLD ENTERPRISE HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLD WELFARE HUMAN CAPITAL HUMAN CAPITAL INVESTMENTS HUMAN DEVELOPMENT IDIOSYNCRATIC SHOCKS INCOME LOSSES INCOME SHOCKS INCOME SUPPORT INFLATION INFLATION RATES INFLEXIBLE LABOR INFORMAL CREDIT INFORMAL SAFETY NETS INFORMAL SECTOR INFORMAL TRANSFERS INSURANCE PROGRAM INTERNATIONAL BANK JOB LOSS JOB LOSSES JOB SEEKERS JOB VACANCY JOBS JOBS CRISES JOBS CRISIS LABOR ADJUSTMENT LABOR COSTS LABOR DEMAND LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAWS LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET CONDITIONS LABOR MARKET POLICY LABOR MARKET REGULATIONS LABOR MARKETS LABOR PROGRAMS LABOR REGULATIONS LABOR SUPPLY LABOR UNION LABOUR LAYOFF LAYOFFS LEAVE OF ABSENCE LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM UNEMPLOYMENT LOW EMPLOYMENT MACROECONOMIC CONDITIONS MACROECONOMIC CRISIS MACROECONOMIC SHOCKS MANPOWER MANPOWER POLICY MANUFACTURING INDUSTRIES MARKET ECONOMIES MARKET ECONOMY MEDICAL CARE MEDICAL INSURANCE MINIMUM INCOME MINIMUM WAGE MINISTRIES OF FINANCE MITIGATION STRATEGIES MONETARY FUND MORAL HAZARD NATURAL DISASTERS NEW ENTRANTS NUTRITIONAL STATUS OPPORTUNITY COSTS PART-TIME EMPLOYMENT PASSIVE LABOR PASSIVE LABOR MARKET PROGRAMS PENALTIES PENSION PENSIONS POCKET EXPENSES POLICY RESPONSES POOR POVERTY REDUCTION PREVENTATIVE HEALTH PREVENTIVE CARE PRIMARY SCHOOL PRIVATE SECTOR PRODUCT MARKET PRODUCT MARKETS PROFITABILITY PROGRAM DESIGN PUBLIC EMPLOYMENT PUBLIC SAVINGS PUBLIC SPENDING PUBLIC WORKS PUBLIC WORKS PROGRAMS REAL WAGE REAL WAGES RECESSIONS REMITTANCE REMITTANCES RETIREMENT SAFETY SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SAVINGS SELF EMPLOYMENT SERVICE SECTOR SEVERANCE PAY SHOCK SKILLED WORKERS SOCIAL ASSISTANCE SOCIAL BENEFITS SOCIAL FUND SOCIAL IMPACTS SOCIAL INVESTMENT SOCIAL POLICY SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SAFETY NETS SOCIAL SECURITY SOCIAL TRANSFERS STRUCTURAL REFORMS STRUCTURAL UNEMPLOYMENT SUBSIDIARY TARGETING TEMPORARY EMPLOYMENT TOTAL EMPLOYMENT TOTAL WORKERS UNEMPLOYED UNEMPLOYED PEOPLE UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT FIGURES UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE BENEFITS UNEMPLOYMENT OFFICE VULNERABLE GROUPS VULNERABLE HOUSEHOLDS WAGE BILL WAGE LEVELS WAGE RATE WAGE RATES WAGE SUBSIDIES WAGE SUBSIDY WAGE SUBSIDY PROGRAMS WAGE WORKERS WAR WORK EXPERIENCE WORKER WORKERS WORKING HOURS YOUNGER WORKERS YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATE YOUTH UNEMPLOYMENT RATES World Bank The Jobs Crisis : Household and Government Responses to the Great Recession in Eastern Europe and Central Asia |
| geographic_facet |
Europe and Central Asia Eastern Europe Central Asia |
| relation |
Directions in development ; human development |
| description |
The financial crisis swiftly expanded
into an economic crisis throughout America and Western
Europe, from where it spread to developing countries that
had depended on foreign direct investment, consumer and
mortgage credit, trade, and remittances. By early 2009, it
was clear that this economic downturn would be more severe
than any crisis since the great depression, prompting some
to it as the 'great recession.' Eastern European
and Central Asian countries were hit particularly hard
during 2009, global Gross Domestic Product (GDP) contracted
for the first time since Second World War. The financial
crisis and the ensuing economic downturn, the worst since
the Great Depression in the 1930s, went hand in hand with
tightening of credit markets, bank failures, firm closures,
and high demand for social safety nets. This report, The
jobs crisis: household and Government responses to the great
recession in Eastern Europe and Central Asia, brings
together evidence that World Bank teams have collected on
the impact of the crisis on households and families in
Eastern Europe and Central Asia. This report shows how the
crisis was felt by Eastern European and Central Asian
households. Not only did unemployment rise sharply but it
also lasted longer. The report also shows that the pain of
the recession was broader, with workers taking home smaller
paychecks as firms offered lower wage rates and fewer hours
of work to their workers. The jobs crisis finds that
households used a variety of ways to cope with the crisis.
The jobs crisis presents an account of how governments
reacted to the crisis through social policy reforms and
initiatives and how such responses could be improved in the
future. Unemployment insurance benefits played a
particularly important cushioning role, but coverage of the
unemployed tended to be limited. |
| format |
Publications & Research :: Publication |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
The Jobs Crisis : Household and
Government Responses to the Great Recession in Eastern
Europe and Central Asia |
| title_short |
The Jobs Crisis : Household and
Government Responses to the Great Recession in Eastern
Europe and Central Asia |
| title_full |
The Jobs Crisis : Household and
Government Responses to the Great Recession in Eastern
Europe and Central Asia |
| title_fullStr |
The Jobs Crisis : Household and
Government Responses to the Great Recession in Eastern
Europe and Central Asia |
| title_full_unstemmed |
The Jobs Crisis : Household and
Government Responses to the Great Recession in Eastern
Europe and Central Asia |
| title_sort |
jobs crisis : household and
government responses to the great recession in eastern
europe and central asia |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110411025804 http://hdl.handle.net/10986/2287 |
| _version_ |
1764385183995265024 |
| spelling |
okr-10986-22872021-04-23T14:02:00Z The Jobs Crisis : Household and Government Responses to the Great Recession in Eastern Europe and Central Asia World Bank ACCRUALS ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAM ACTIVE LABOR MARKET PROGRAMS ASSISTANCE PROGRAMS AUTOMATIC STABILIZER BANK FAILURES BENEFICIARIES BORROWING BUDGET DEFICITS CAPITAL FLOWS CAPITAL INVESTMENTS CENTRAL GOVERNMENTS CHILD LABOR CONSOLIDATION COPING STRATEGIES COUNTRY-SPECIFIC FACTORS COVARIATE SHOCKS CREDIT MARKETS DEBT DEVELOPMENT BANK DURABLE GOODS ECONOMIC CRISES ECONOMIC DOWNTURN ECONOMIC DOWNTURNS ECONOMIC GROWTH ECONOMIC RECOVERY EDUCATION PROGRAMS EDUCATIONAL ATTAINMENT EDUCATIONAL SERVICES ELIGIBILITY CRITERIA EMPLOYABILITY EMPLOYMENT GROWTH EMPLOYMENT OFFICES EMPLOYMENT PROSPECTS EMPLOYMENT PROTECTION LEGISLATION EMPLOYMENT REDUCTION ETHNIC GROUPS ETHNIC MINORITIES FAMILY LABOR FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL MARKETS FIRING COSTS FISCAL CONSTRAINTS FISCAL DEFICITS FISCAL DISCIPLINE FLEXIBLE LABOR MARKETS FOOD EXPENDITURES FOOD SECURITY FOREIGN LABOR GOVERNMENT HEALTH GROSS DOMESTIC PRODUCT GROSS WAGES HEALTH EXPENDITURES HEALTH INSURANCE HIGH EMPLOYMENT HIGH UNEMPLOYMENT HIGH UNEMPLOYMENT RATES HOUSEHOLD CHARACTERISTICS HOUSEHOLD ENTERPRISE HOUSEHOLD INCOME HOUSEHOLD SAVINGS HOUSEHOLD SURVEYS HOUSEHOLD WEALTH HOUSEHOLD WELFARE HUMAN CAPITAL HUMAN CAPITAL INVESTMENTS HUMAN DEVELOPMENT IDIOSYNCRATIC SHOCKS INCOME LOSSES INCOME SHOCKS INCOME SUPPORT INFLATION INFLATION RATES INFLEXIBLE LABOR INFORMAL CREDIT INFORMAL SAFETY NETS INFORMAL SECTOR INFORMAL TRANSFERS INSURANCE PROGRAM INTERNATIONAL BANK JOB LOSS JOB LOSSES JOB SEEKERS JOB VACANCY JOBS JOBS CRISES JOBS CRISIS LABOR ADJUSTMENT LABOR COSTS LABOR DEMAND LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAWS LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET CONDITIONS LABOR MARKET POLICY LABOR MARKET REGULATIONS LABOR MARKETS LABOR PROGRAMS LABOR REGULATIONS LABOR SUPPLY LABOR UNION LABOUR LAYOFF LAYOFFS LEAVE OF ABSENCE LOCAL GOVERNMENT LOCAL GOVERNMENTS LONG-TERM UNEMPLOYMENT LOW EMPLOYMENT MACROECONOMIC CONDITIONS MACROECONOMIC CRISIS MACROECONOMIC SHOCKS MANPOWER MANPOWER POLICY MANUFACTURING INDUSTRIES MARKET ECONOMIES MARKET ECONOMY MEDICAL CARE MEDICAL INSURANCE MINIMUM INCOME MINIMUM WAGE MINISTRIES OF FINANCE MITIGATION STRATEGIES MONETARY FUND MORAL HAZARD NATURAL DISASTERS NEW ENTRANTS NUTRITIONAL STATUS OPPORTUNITY COSTS PART-TIME EMPLOYMENT PASSIVE LABOR PASSIVE LABOR MARKET PROGRAMS PENALTIES PENSION PENSIONS POCKET EXPENSES POLICY RESPONSES POOR POVERTY REDUCTION PREVENTATIVE HEALTH PREVENTIVE CARE PRIMARY SCHOOL PRIVATE SECTOR PRODUCT MARKET PRODUCT MARKETS PROFITABILITY PROGRAM DESIGN PUBLIC EMPLOYMENT PUBLIC SAVINGS PUBLIC SPENDING PUBLIC WORKS PUBLIC WORKS PROGRAMS REAL WAGE REAL WAGES RECESSIONS REMITTANCE REMITTANCES RETIREMENT SAFETY SAFETY NET SAFETY NET PROGRAMS SAFETY NETS SAVINGS SELF EMPLOYMENT SERVICE SECTOR SEVERANCE PAY SHOCK SKILLED WORKERS SOCIAL ASSISTANCE SOCIAL BENEFITS SOCIAL FUND SOCIAL IMPACTS SOCIAL INVESTMENT SOCIAL POLICY SOCIAL PROGRAMS SOCIAL PROTECTION SOCIAL SAFETY NETS SOCIAL SECURITY SOCIAL TRANSFERS STRUCTURAL REFORMS STRUCTURAL UNEMPLOYMENT SUBSIDIARY TARGETING TEMPORARY EMPLOYMENT TOTAL EMPLOYMENT TOTAL WORKERS UNEMPLOYED UNEMPLOYED PEOPLE UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT FIGURES UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE BENEFITS UNEMPLOYMENT OFFICE VULNERABLE GROUPS VULNERABLE HOUSEHOLDS WAGE BILL WAGE LEVELS WAGE RATE WAGE RATES WAGE SUBSIDIES WAGE SUBSIDY WAGE SUBSIDY PROGRAMS WAGE WORKERS WAR WORK EXPERIENCE WORKER WORKERS WORKING HOURS YOUNGER WORKERS YOUTH UNEMPLOYMENT YOUTH UNEMPLOYMENT RATE YOUTH UNEMPLOYMENT RATES The financial crisis swiftly expanded into an economic crisis throughout America and Western Europe, from where it spread to developing countries that had depended on foreign direct investment, consumer and mortgage credit, trade, and remittances. By early 2009, it was clear that this economic downturn would be more severe than any crisis since the great depression, prompting some to it as the 'great recession.' Eastern European and Central Asian countries were hit particularly hard during 2009, global Gross Domestic Product (GDP) contracted for the first time since Second World War. The financial crisis and the ensuing economic downturn, the worst since the Great Depression in the 1930s, went hand in hand with tightening of credit markets, bank failures, firm closures, and high demand for social safety nets. This report, The jobs crisis: household and Government responses to the great recession in Eastern Europe and Central Asia, brings together evidence that World Bank teams have collected on the impact of the crisis on households and families in Eastern Europe and Central Asia. This report shows how the crisis was felt by Eastern European and Central Asian households. Not only did unemployment rise sharply but it also lasted longer. The report also shows that the pain of the recession was broader, with workers taking home smaller paychecks as firms offered lower wage rates and fewer hours of work to their workers. The jobs crisis finds that households used a variety of ways to cope with the crisis. The jobs crisis presents an account of how governments reacted to the crisis through social policy reforms and initiatives and how such responses could be improved in the future. Unemployment insurance benefits played a particularly important cushioning role, but coverage of the unemployed tended to be limited. 2012-03-19T09:03:17Z 2012-03-19T09:03:17Z 2011-03-29 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110411025804 978-0-8213-8742-9 http://hdl.handle.net/10986/2287 English Directions in development ; human development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Europe and Central Asia Eastern Europe Central Asia |