Jobs and the Crisis

In response to the financial and economic crisis, many countries sought to stimulate labor demand, facilitate job search and preserve skills, and protect income. While little information is available about the impact of these interventions, there is some evidence that they involved a substantial number of people despite limited budgets. At the same time, there are concerns about the effectiveness of programs, particularly in low- and middle- income countries. The challenge now is to revise the policy mix to maximize the impact of the recovery on employment creation.

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Bibliographic Details
Main Authors: McKenzie, David, Robalino, David
Language:English
Published: World Bank, Washington, DC 2010-10
Subjects:ACTIVE LABOR, ACTIVE LABOR MARKET, ACTIVE LABOR MARKET PROGRAMS, CREATING JOBS, CURRENT LABOR FORCE, EARLY RETIREMENT, EARNINGS GROWTH, ECONOMIC GROWTH, EMPLOYMENT, EMPLOYMENT CREATION, EMPLOYMENT GROWTH, EMPLOYMENT GUARANTEE, EMPLOYMENT GUARANTEE SCHEME, EMPLOYMENT OFFICES, EMPLOYMENT REPORT, EMPLOYMENT SERVICES, EMPLOYMENT SUBSIDY, EMPLOYMENT TRENDS, GDP, HEALTH INSURANCE, HIRING, INCOME, INNOVATIONS, INTERNATIONAL LABOUR ORGANIZATION, INTERVENTIONS, INVENTORY, JOB CREATION, JOB LOSSES, JOB SEARCH, JOB SEARCH ASSISTANCE, JOBS, LABOR COSTS, LABOR DEMAND, LABOR FORCE, LABOR MARKET ADJUSTMENT, LABOR MARKET POLICY, LABOR MARKETS, LABOR REGULATIONS, LABOUR, PENSIONS, PRIVATE SECTOR, PRODUCTIVITY, PRODUCTIVITY GROWTH, PUBLIC WORKS, PUBLIC WORKS PROGRAMS, RETRAINING PROGRAMS, RURAL EMPLOYMENT, SOCIAL PROTECTION, SOCIAL SECURITY, TARGETING, TRAINING PROGRAMS, UNEMPLOYED, UNEMPLOYMENT, UNEMPLOYMENT BENEFIT, UNEMPLOYMENT BENEFIT SYSTEMS, UNEMPLOYMENT BENEFITS, UNEMPLOYMENT INSURANCE, WAGE SUBSIDIES, WAGE SUBSIDY, WAGE SUBSIDY PROGRAMS, WAGES, WORKERS, YOUNG WORKERS,
Online Access:http://documents.worldbank.org/curated/en/2010/10/13264670/jobs-crisis
https://hdl.handle.net/10986/11076
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Summary:In response to the financial and economic crisis, many countries sought to stimulate labor demand, facilitate job search and preserve skills, and protect income. While little information is available about the impact of these interventions, there is some evidence that they involved a substantial number of people despite limited budgets. At the same time, there are concerns about the effectiveness of programs, particularly in low- and middle- income countries. The challenge now is to revise the policy mix to maximize the impact of the recovery on employment creation.