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Labor markets in low and middle income countries : trends and implications for social protection and labor policies

Author

Listed:
  • Cho, Yoonyoung
  • Margolis, David N.
  • Robalino, David A.

Abstract

This paper reviews labor market trends throughout the developing world, identifies issues and policy priorities across groups of countries, and derives implications for the World Bank's new social protection and labor strategy. Five key issues are identified: a high and growingshare of the labor force that is self?employed or working in household enterprises, exposure to income shocks with limited access to risk management systems, low female participation rates, high youth unemployment rates, and the need to manage migration flows and remittances. The paper then details a three pronged agenda based on providing incentives and conditions for work, improving the efficiency of job creation, and managing risks / facilitating labor market transitions. This suggests that the Bank should emphasize self?employment and entrepreneurship promotion, provision of skills and development opportunities, and facilitation of labor market transitions into and between jobs, while protecting workers from shocks and paying particular attention to youth.

Suggested Citation

  • Cho, Yoonyoung & Margolis, David N. & Robalino, David A., 2012. "Labor markets in low and middle income countries : trends and implications for social protection and labor policies," Social Protection and Labor Policy and Technical Notes 67613, The World Bank.
  • Handle: RePEc:wbk:hdnspu:67613
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    Citations

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    Cited by:

    1. David N Margolis, 2014. "By Choice and by Necessity: Entrepreneurship and Self-Employment in the Developing World," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 26(4), pages 419-436, September.
    2. Domelen, Julie van, 2012. "Togo : towards a national social protection policy and strategy," Social Protection and Labor Policy and Technical Notes 89000, The World Bank.
    3. World Bank, 2012. "Resilience, Equity, and Opportunity
      [Capacidad de recuperación, equidad y oportunidades]
      ," World Bank Other Operational Studies 12648, The World Bank.
    4. Guillermo Cruces & Gary Fields & David Jaume & Mariana Viollaz, 2015. "The growth-employment-poverty nexus in Latin America in the 2000s: Cross-country analysis," WIDER Working Paper Series 110, World Institute for Development Economic Research (UNU-WIDER).
    5. Carlos Madeira, 2015. "Identification of Earning Dynamics using Rotating Samples over Short Periods: The Case of Chile," Working Papers Central Bank of Chile 754, Central Bank of Chile.
    6. Robalino, David A. & Weber, Michael, 2013. "Designing and implementing unemployment benefit systems in middle and low income countries : key choices between insurance and savings accounts," Social Protection and Labor Policy and Technical Notes 90348, The World Bank.
    7. Santini, Ziggi Ivan & Koyanagi, Ai & Tyrovolas, Stefanos & Haro, Josep M. & Fiori, Katherine L. & Uwakwa, Richard & Thiyagarajan, Jotheeswaran A. & Webber, Martin & Prince, Martin & Prina, A. Matthew, 2015. "Social network typologies and mortality risk among older people in China, India, and Latin America: A 10/66 Dementia Research Group population-based cohort study," Social Science & Medicine, Elsevier, vol. 147(C), pages 134-143.

    More about this item

    Keywords

    Labor Markets; Labor Policies; Banks&Banking Reform; Environmental Economics&Policies; Debt Markets;

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