Job Creation in Latin America. W.F. Maloney World Bank www.worldbank.org/laceconomist. State Dept. Oct. 2004 Washington, DC. Four issues in job creation. What’s driving deficient formal sector job creation? Trade openness Regulation New agenda: Labor regulation for productivity growth
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State Dept. Oct. 2004 Washington, DC
Slowdown in 90s partly due to slowing demographics and female participation
Employment/Working Age Population
And what about the quality of the jobs?
Manufacturing Real Wages and Unemployment Evolution
Self Employed Formal
Formal Self Employed
Bosch y Maloney 2004
Distribution of informal and formal salaries
Similar effects probably at work in Argentina. Regulations do matter!
Self-Employment vs Level of Development
% Self Employed in Work Force
Log. Industrial Value Added/Worker
Change in formal sector productivity
Half of growth is technological progress
Fuented: Calderon, Fajnzylber y Loayza (2002)
Fuented: Lederman y Maloney (2002)
Fajnzylber, Maloney, Montes 2003