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Labor Market Issues in the Caribbean :, Scope to Mobilize Employment Growth, Magda Kandil, Genevieve Lindow, Mario Mansilla, Joel Chiedu Okwuokei, Jochen M. Schmittmann, Qiaoe Chen, Xin Li, Marika Santoro, Solomon Stavis

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the long and short run. The main determinants of employment include government investment and private sector credit, while the major determinants of external performance are real effective exchange rate, the price of major exporting commodities, the number of tourists, and growth in major trading partners. The paper concludes with a menu of policy recommendations and structural reforms towards sustaining high employment growth and higher living standards in the Caribbean
Table Of Contents
Cover; Contents; I. Introduction; II. Empirical Analysis; A. Labor Market Indicators: Visual Traction; B. Employment-Output Elasticity Analysis; C. Variation in the Unemployment-Output Elasticity; D. Determinants of the Employment-Output Elasticity; III. Institutional and Structural Features in Caribbean Labor Markets; Boxes; 1. The Barbados Labor Market: Institutions, Regulations, and Practices; 2. The Suriname Labor Market: Institutions and Reforms; 3. Labor Market in Trinidad and Tobago: Institutions, Regulations and Practices
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (47 p.)
Specific Material Designation
Form Of Item

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