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Growth and Employment in the Dominican Republic :, Options for a Job-Rich Growth, Umidjon Abdullaev, Marcello Estevão

Abstract
The Dominican Republic has posted high rates of output and productivity growth, but labor market indicators have remained weak during the past 20 years. This paper documents these trends, showing that the rapid productivity growth originates in a few sectors, while the bulk of job creation is concentrated elsewhere. The speed of job creation has not been enough to raise employment rates, and lackluster real earnings along with still-rampant labor market informality suggest that most of the new jobs are of low quality. Low real wages and low labor force participation suggest the need of raising market wages above fallback incomes to attract individuals to the labor force. For that, measures to improve education and reduce product market distortions would be helpful
Table Of Contents
Cover; Contents; I. Introduction; II. Growth and employment; A. Fast output and labor productivity growth; Figures; Figure 1. Real GDP and per capita real GDP in the Dominican Republic; Figure 2. Real GDP growth, percent, annual averages; Figure 3. Decomposition of per capita GDP growth rate, percent, annual averages; Figure 4. Decomposition of per worker GDP growth rate, percent, annual averages; B. Weak labor market performance; Tables; Table 1. Gross value added, annual averages; Table 2. Contribution to gross value added growth rate, annual averages
Language
eng
Literary Form
non fiction
Note
"February 2013."
Physical Description
1 online resource (26 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781475578331

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