Employment-Related Mitigation Measures in ECA Countries

There are growing constraints on public finances in many countries due to the actual and projected build-up of public debt, which limits the scope of labor market interventions. Only a few Europe and Central Asia (ECA) countries (most notably Estonia, Kazakhstan and Russia) had set aside resources that can now be used to cushion an externally driven economic slowdown. Currently, the labor market situation in many ECA countries can be characterized as lack of demand for labor. Overall, in 27 ECA countries for which data are available for June 2008 to June 2009, registered unemployment increased from 8.460 million to 11.354 million, or around 34 percent. The number of registered unemployed increased the most in three Baltic States, Turkey and Moldova. Nevertheless, most governments in ECA have responded to the global economic crisis by making additional resources available for labor market and social policies, and with discretionary policy measures to cushion the negative effects of the crisis on workers and low-income households. Spending on unemployment benefits has increased automatically as job losses have mounted, and many governments have moved promptly to scale-up resources for active labor market programs.

Bibliographic Details

Main Author:	Kuddo, Arvo
Language:	English
Published:	World Bank, Washington, DC 2010-02
Subjects:	ACTIVE LABOR, ACTIVE LABOR MARKET, ACTIVE LABOR MARKET PROGRAMS, AGGREGATE DEMAND, CONTRIBUTION RATE, DIRECT JOB CREATION, DIRECT JOB CREATION PROGRAM, DISABLED WORKERS, ECONOMIC GROWTH, ECONOMIC SLOWDOWN, ELECTRICITY, EMPLOYABILITY, EMPLOYMENT, EMPLOYMENT INCENTIVES, EMPLOYMENT PROGRAMS, EMPLOYMENT PROTECTION LEGISLATION, GROSS DOMESTIC PRODUCT, INCOME, INCOME SUPPORT, INCOME SUPPORT PROGRAMS, JOB CREATION, JOB LOSS, JOB LOSSES, JOB OFFERS, JOB SEARCH, JOB SEARCH ASSISTANCE, JOB SEEKERS, JOB VACANCIES, JOBS, LABOR COSTS, LABOR DEMAND, LABOR MARKET, LABOR MARKET INTERVENTIONS, LABOR MARKET POLICIES, LABOR MARKET POLICY, LABOR MARKET SERVICES, LABOR MARKET SITUATION, LABOR SUPPLY, LAYOFFS, MINIMUM WAGE, NATIONAL BUDGET, OCCUPATIONS, PROVISIONS, PUBLIC, PUBLIC DEBT, PUBLIC EMPLOYMENT, PUBLIC EMPLOYMENT SERVICES, PUBLIC INVESTMENT, PUBLIC INVESTMENT PROGRAMS, PUBLIC WORKS, PUBLIC WORKS PROGRAMS, ROADS, SMALL BUSINESS, SMALL BUSINESSES, SOCIAL BENEFITS, SOCIAL POLICIES, SOCIAL SECURITY, SUBSIDIZED JOBS, TAX, TEMPORARY EMPLOYMENT, TEMPORARY JOBS, TRAINING COSTS, TRAINING PROGRAMS, TRAINING STIPENDS, TREASURY, UNEMPLOYED, UNEMPLOYED PERSONS, UNEMPLOYMENT, UNEMPLOYMENT ASSISTANCE, UNEMPLOYMENT BENEFIT, UNEMPLOYMENT BENEFITS, UNEMPLOYMENT INSURANCE, UNEMPLOYMENT REGISTER, VOCATIONAL TRAINING, WAGE LEVELS, WAGE SUBSIDIES, WAGE SUBSIDY, WAGES, WORK EXPERIENCE, WORKERS,
Online Access:	http://documents.worldbank.org/curated/en/2010/02/11857140/employment-related-mitigation-measures-eca-countries https://hdl.handle.net/10986/10209
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