Labor Markets of Latin America and the Caribbean in The Face of The Impact of COVID-19
The COVID-19 pandemic has come at a time of economic weakness in the Latin American and Caribbean region: in recent years there has been a deterioration in GDP per capita, as well as an increase in labor informality, which has already reached 56% of workers. Some projections estimate that, due to the crisis caused by the coronavirus, between the region and between 5.4 and 18 million jobs may be lost, which would raise the percentage of informal work to 62% of all jobs. This document collects the existing labor policy options to face the impact of COVID-19 in the labor market.
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| Language: | English |
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Inter-American Development Bank
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| Subjects: | Public Policy, Labor Force Participation, Informal Labor, Labor Market, Formal Labor, Coronavirus, Pandemic, Structural Unemployment, Economic Recession, Isolation, E24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity, J38 - Public Policy, J08 - Labor Economics Policies, public policy;labor market;Coronavirus;pandemic;Informal unemployment;structural unemployment;recession, |
| Online Access: | http://dx.doi.org/10.18235/0002312 https://publications.iadb.org/en/labor-markets-of-latin-america-and-the-caribbean-in-the-face-of-the-impact-of-covid-19 |
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