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Impact of the 2008-2009 Food, Fuel, and Financial Crisis on the Philippine Labor Market

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Author Info

  • van der Meulen Rodgers, Yana

    ()
    (Rutgers University)

  • Menon, Nidhiya

    ()
    (Brandeis University)

Abstract

This study examines how the 2008-2009 surges in international food and fuel prices and coinciding global financial crisis impacted the Philippine labor market, with a focus on gendered outcomes. A battery of descriptive statistics and probit regressions based on repeated cross sections of the Philippine Labor Force Survey indicate that both men and women experienced declines in the likelihood of employment, especially in 2008 and in manufacturing. While men's job losses were limited to wage employment, women lost job opportunities in wage- and self-employment, and they experienced increases in unpaid family work. Real wages fell for men and women, with much of the decline at the upper tails of the wage distribution. If one considers education as a proxy for skill, results suggest that unskilled workers were affected most adversely when the crisis began, especially in terms of employment losses, but as the crisis conditions wore on, skilled workers experienced negative impacts as well, especially in terms of real wage cuts.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 6204.

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Length: 54 pages
Date of creation: Dec 2011
Date of revision:
Handle: RePEc:iza:izadps:dp6204

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Keywords: crises; Philippines; women; labor market;

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  1. Haddad, Lawrence & Hoddinott, John & Alderman, Harold & DEC, 1994. "Intrahousehold resource allocation : an overview," Policy Research Working Paper Series 1255, The World Bank.
  2. Habib, Bilal & Narayan, Ambar & Olivieri, Sergio & Sanchez-Paramo, Carolina, 2010. "Assessing poverty and distributional impacts of the global crisis in the Philippines : a microsimulation approach," Policy Research Working Paper Series 5286, The World Bank.
  3. Gunseli Berik & Yana van der Meulen Rodgers & Stephanie Seguino, 2009. "Feminist Economics of Inequality, Development, and Growth," Feminist Economics, Taylor & Francis Journals, vol. 15(3), pages 1-33.
  4. Susan Parker & Emmanuel Skoufias, 2004. "The added worker effect over the business cycle: evidence from urban Mexico," Applied Economics Letters, Taylor & Francis Journals, vol. 11(10), pages 625-630.
  5. Alan S. Blinder, 1973. "Wage Discrimination: Reduced Form and Structural Estimates," Journal of Human Resources, University of Wisconsin Press, vol. 8(4), pages 436-455.
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Cited by:
  1. Borines, M.G. & de Leon, R.L. & McHenry, M.P., 2011. "Bioethanol production from farming non-food macroalgae in Pacific island nations: Chemical constituents, bioethanol yields, and prospective species in the Philippines," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4432-4435.

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