Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth
IMF Working Papers, July 1, 2014
Source details
- Canonical URL
- Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth
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Bibliographic details
- Authors: Magda E. Kandil, Genevieve M Lindow, Mario Mansilla, Joel Chiedu Okwuokei, Jochen M. Schmittmann, Qiaoe Chen, Xin Li, Marika Santoro, Solomon Stavis
- Published: July 1, 2014
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781498387804.001
Summary and scope
- The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries.
- It analyzes estimates of:
- the employment-output elasticity;
- the response of employment growth to major sources of labor market determinants, in the long and short run.
- The paper concludes with a menu of policy recommendations and structural reforms towards sustaining high employment growth and higher living standards in the Caribbean.
Main empirical findings (as stated)
- The main determinants of employment include:
- government investment;
- private sector credit.
- The major determinants of external performance identified include:
- real effective exchange rate;
- the price of major exporting commodities;
- the number of tourists;
- growth in major trading partners.
Thematic subjects and keywords
- Subject: Employment, Labor, Labor force, Labor markets, Unemployment, Unemployment rate
- Keywords: business cycles, Caribbean, determination flexibility, elasticity estimate, Employment, employment growth, employment-output elasticity, Global, government employment program, job content, Labor force, labor market, Labor markets, macro policies, private sector, structural reforms, Unemployment, Unemployment rate, WP
Conclusions and policy orientation
- The paper provides a menu of policy recommendations and structural reforms aimed at:
- sustaining high employment growth;
- achieving higher living standards in the Caribbean.
- Specific policy measures and reforms are presented in the paper (details available in the full working paper).
Source: IMF Working Papers — "Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth", July 1, 2014.