Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report
This report carries out a detailed evaluation of the 2002 labor reform in Colombia, and in doing so, it also assesses the performance of the Colombian urban labor market and identifies the main policy challenges faced in this area. The report has three broad goals: First, to provide additional evide...
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| Format: | General Economy, Macroeconomics and Growth Study |
| Language: | English en_US |
| Published: |
Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/11/6527642/labor-market-adjustment-reform-productivity-colombia-factors-matter-vol-2-2-technical-report http://hdl.handle.net/10986/8406 |
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okr-10986-8406 |
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oai_dc |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
AVERAGE WAGE AVERAGE WAGES BUSINESS CYCLE CAPITAL MARKET CENTRAL BANK COMMERCE DECENTRALIZATION DEREGULATION EARNING ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATIONAL ATTAINMENT EDUCATIONAL LEVELS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT GENERATION EMPLOYMENT GROWTH EMPLOYMENT LEVEL EQUATIONS EXPENDITURE EXPENDITURES FINANCIAL SECTOR GAINFUL EMPLOYMENT GDP GROWTH RATE HOUSEHOLD INCOME HOUSEHOLD SURVEY HUMAN CAPITAL INFLATION INFLATION RATES JOB SEEKERS JOBS LABOR COSTS LABOR DEMAND LABOR FORCE LABOR FORCE GROWTH LABOR FORCE PARTICIPATION LABOR LEGISLATION LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATORS LABOR MARKET INSTITUTIONS LABOR MARKET INTERVENTIONS LABOR MARKET OUTCOMES LABOR MARKET REGULATIONS LABOR MARKETS LABOR REGULATIONS LABOR SUPPLY MARKET ANALYSES MARKET DISTORTIONS MARKET EQUILIBRIUM MINIMUM WAGE MINIMUM WAGES MONETARY POLICY NON-WAGE COSTS OCCUPATION OCCUPATIONS PARTICIPATION PAYROLL TAXES PREVIOUS SECTION PRIMARY SCHOOL PRODUCTION SIDE PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PUBLIC EMPLOYMENT PUBLIC SECTOR EMPLOYMENT REAL GDP REAL WAGE REAL WAGES RECESSION RETAIL SAFETY NETS SALARIED EMPLOYMENT SALARIED WORKERS SERVICES MARKETS SKILLED WORKERS SOCIAL SECURITY TOTAL EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT DECLINES UNEMPLOYMENT LEVEL UNEMPLOYMENT LEVELS UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN EMPLOYMENT VIOLENCE WAGE DISTRIBUTION WAGE GROWTH WAGE INCREASE WAGE INEQUALITY WAGE LEVELS WAGE POLICIES WORKER WORKERS WORLD MARKETS YOUNG PEOPLE YOUNG WORKERS |
| spellingShingle |
AVERAGE WAGE AVERAGE WAGES BUSINESS CYCLE CAPITAL MARKET CENTRAL BANK COMMERCE DECENTRALIZATION DEREGULATION EARNING ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATIONAL ATTAINMENT EDUCATIONAL LEVELS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT GENERATION EMPLOYMENT GROWTH EMPLOYMENT LEVEL EQUATIONS EXPENDITURE EXPENDITURES FINANCIAL SECTOR GAINFUL EMPLOYMENT GDP GROWTH RATE HOUSEHOLD INCOME HOUSEHOLD SURVEY HUMAN CAPITAL INFLATION INFLATION RATES JOB SEEKERS JOBS LABOR COSTS LABOR DEMAND LABOR FORCE LABOR FORCE GROWTH LABOR FORCE PARTICIPATION LABOR LEGISLATION LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATORS LABOR MARKET INSTITUTIONS LABOR MARKET INTERVENTIONS LABOR MARKET OUTCOMES LABOR MARKET REGULATIONS LABOR MARKETS LABOR REGULATIONS LABOR SUPPLY MARKET ANALYSES MARKET DISTORTIONS MARKET EQUILIBRIUM MINIMUM WAGE MINIMUM WAGES MONETARY POLICY NON-WAGE COSTS OCCUPATION OCCUPATIONS PARTICIPATION PAYROLL TAXES PREVIOUS SECTION PRIMARY SCHOOL PRODUCTION SIDE PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PUBLIC EMPLOYMENT PUBLIC SECTOR EMPLOYMENT REAL GDP REAL WAGE REAL WAGES RECESSION RETAIL SAFETY NETS SALARIED EMPLOYMENT SALARIED WORKERS SERVICES MARKETS SKILLED WORKERS SOCIAL SECURITY TOTAL EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT DECLINES UNEMPLOYMENT LEVEL UNEMPLOYMENT LEVELS UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN EMPLOYMENT VIOLENCE WAGE DISTRIBUTION WAGE GROWTH WAGE INCREASE WAGE INEQUALITY WAGE LEVELS WAGE POLICIES WORKER WORKERS WORLD MARKETS YOUNG PEOPLE YOUNG WORKERS World Bank Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report |
| geographic_facet |
Latin America & Caribbean America South America Colombia |
| description |
This report carries out a detailed evaluation of the 2002 labor reform in Colombia, and in doing so, it also assesses the performance of the Colombian urban labor market and identifies the main policy challenges faced in this area. The report has three broad goals: First, to provide additional evidence to inform the intense debate taking place in the country around labor market issues, especially the reform. Second, to shed light on the key factors preventing a swift recuperation of the labor market. Third, to offer sensible policy alternatives that complement the step taken with the labor reform and address those key factors. The analyses are carried out for the key labor market outcomes: employment, unemployment, formality and wages, as well as productivity. Through the analysis of these variables the report tries to enhance the understanding of issues such as informality, labor market rigidities, job creation, protection against shocks and private sector performance. By and large, these determine whether people can find gainful employment, be adequately protected against shocks and whether firms are profitable so that, on the one hand, investment and technology adoption take place and, on the other, employment and wages grow, which are the truly important concerns for policy makers. The report illustrates key problems faced by Colombia: slow growth reflecting poor productivity performance, high and persistent unemployment and labor market rigidities that help in keeping unemployment high and productivity low. The 2002 labor reform shows positive results in some areas, while the impact on others was uncertain or moderate. Thus, the country today has three broad challenges. First, making the labor market as efficient as possible; second, increasing productivity growth as a precondition for stronger economic performance, and third, providing effective and inclusive services of social protection for the most vulnerable. These are the channels that will ultimately enable the increase of formal employment and favor wage growth. |
| format |
Economic & Sector Work :: General Economy, Macroeconomics and Growth Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report |
| title_short |
Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report |
| title_full |
Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report |
| title_fullStr |
Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report |
| title_full_unstemmed |
Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report |
| title_sort |
labor market adjustment, reform and productivity in colombia : what are the factors that matter? volume 2 : technical report |
| publisher |
Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/11/6527642/labor-market-adjustment-reform-productivity-colombia-factors-matter-vol-2-2-technical-report http://hdl.handle.net/10986/8406 |
| _version_ |
1764405363901202432 |
| spelling |
okr-10986-84062021-04-23T14:02:39Z Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report World Bank AVERAGE WAGE AVERAGE WAGES BUSINESS CYCLE CAPITAL MARKET CENTRAL BANK COMMERCE DECENTRALIZATION DEREGULATION EARNING ECONOMETRIC ANALYSIS ECONOMIC GROWTH ECONOMIC PERFORMANCE EDUCATIONAL ATTAINMENT EDUCATIONAL LEVELS EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT GENERATION EMPLOYMENT GROWTH EMPLOYMENT LEVEL EQUATIONS EXPENDITURE EXPENDITURES FINANCIAL SECTOR GAINFUL EMPLOYMENT GDP GROWTH RATE HOUSEHOLD INCOME HOUSEHOLD SURVEY HUMAN CAPITAL INFLATION INFLATION RATES JOB SEEKERS JOBS LABOR COSTS LABOR DEMAND LABOR FORCE LABOR FORCE GROWTH LABOR FORCE PARTICIPATION LABOR LEGISLATION LABOR MARKET LABOR MARKET ADJUSTMENT LABOR MARKET INDICATORS LABOR MARKET INSTITUTIONS LABOR MARKET INTERVENTIONS LABOR MARKET OUTCOMES LABOR MARKET REGULATIONS LABOR MARKETS LABOR REGULATIONS LABOR SUPPLY MARKET ANALYSES MARKET DISTORTIONS MARKET EQUILIBRIUM MINIMUM WAGE MINIMUM WAGES MONETARY POLICY NON-WAGE COSTS OCCUPATION OCCUPATIONS PARTICIPATION PAYROLL TAXES PREVIOUS SECTION PRIMARY SCHOOL PRODUCTION SIDE PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY LEVELS PUBLIC EMPLOYMENT PUBLIC SECTOR EMPLOYMENT REAL GDP REAL WAGE REAL WAGES RECESSION RETAIL SAFETY NETS SALARIED EMPLOYMENT SALARIED WORKERS SERVICES MARKETS SKILLED WORKERS SOCIAL SECURITY TOTAL EMPLOYMENT UNEMPLOYMENT UNEMPLOYMENT DECLINES UNEMPLOYMENT LEVEL UNEMPLOYMENT LEVELS UNEMPLOYMENT RATE UNEMPLOYMENT RATES URBAN EMPLOYMENT VIOLENCE WAGE DISTRIBUTION WAGE GROWTH WAGE INCREASE WAGE INEQUALITY WAGE LEVELS WAGE POLICIES WORKER WORKERS WORLD MARKETS YOUNG PEOPLE YOUNG WORKERS This report carries out a detailed evaluation of the 2002 labor reform in Colombia, and in doing so, it also assesses the performance of the Colombian urban labor market and identifies the main policy challenges faced in this area. The report has three broad goals: First, to provide additional evidence to inform the intense debate taking place in the country around labor market issues, especially the reform. Second, to shed light on the key factors preventing a swift recuperation of the labor market. Third, to offer sensible policy alternatives that complement the step taken with the labor reform and address those key factors. The analyses are carried out for the key labor market outcomes: employment, unemployment, formality and wages, as well as productivity. Through the analysis of these variables the report tries to enhance the understanding of issues such as informality, labor market rigidities, job creation, protection against shocks and private sector performance. By and large, these determine whether people can find gainful employment, be adequately protected against shocks and whether firms are profitable so that, on the one hand, investment and technology adoption take place and, on the other, employment and wages grow, which are the truly important concerns for policy makers. The report illustrates key problems faced by Colombia: slow growth reflecting poor productivity performance, high and persistent unemployment and labor market rigidities that help in keeping unemployment high and productivity low. The 2002 labor reform shows positive results in some areas, while the impact on others was uncertain or moderate. Thus, the country today has three broad challenges. First, making the labor market as efficient as possible; second, increasing productivity growth as a precondition for stronger economic performance, and third, providing effective and inclusive services of social protection for the most vulnerable. These are the channels that will ultimately enable the increase of formal employment and favor wage growth. 2012-06-19T14:45:31Z 2012-06-19T14:45:31Z 2005-11 http://documents.worldbank.org/curated/en/2005/11/6527642/labor-market-adjustment-reform-productivity-colombia-factors-matter-vol-2-2-technical-report http://hdl.handle.net/10986/8406 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: General Economy, Macroeconomics and Growth Study Economic & Sector Work Latin America & Caribbean America South America Colombia |