Inclusivity in the Labor Market
IMF Working Papers, May 19, 2021
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Bibliographic details
- Authors: Asmaa A ElGanainy, Ekkehard Ernst, Rossana Merola, Richard Rogerson, Martin Schindler
- Published: May 19, 2021
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781513573519.001
Overview and central thesis
- Labor earnings are the dominant income source for most individuals; therefore, an inclusive labor market is key for ensuring inclusive growth.
- The paper proposes four principles that an inclusive labor market will embody: access, fairness, protection and voice.
- Measuring inclusivity presents challenges; the paper discusses how data can be used to shed light on the extent of inclusivity and documents cross-country trends and stylized facts.
Key findings and stylized facts
- Four organizing principles for inclusivity: access; fairness; protection; voice.
- Data can illuminate inclusivity but measurement faces challenges and limitations.
- Cross-country trends and stylized facts are documented (details in the full paper).
Policy analysis and recommendations
- Policy focus areas:
- Rebalance growth.
- Improve risk sharing.
- Fight discrimination.
- Policy design considerations:
- Some policies entail a trade-off between the different dimensions of inclusivity.
- It is important to view policies as a bundle, taking into account substitution and complementarities.
- Some policies are win-win, in the sense that they both increase inclusivity and improve overall efficiency.
Publication and metadata
- Title: Inclusivity in the Labor Market
- Authors: Asmaa A ElGanainy, Ekkehard Ernst, Rossana Merola, Richard Rogerson, Martin Schindler
- Date: May 19, 2021
- Series: Working Paper No. 2021/141
- Issue: 141
- Volume: 2021
- Pages: 50
- DOI: https://doi.org/10.5089/9781513573519.001
- Stock No: WPIEA2021141
- ISBN: 9781513573519
- ISSN: 1018-5941
- Subject: Economic sectors, Financial crises
IMF Working Paper — Inclusivity in the Labor Market
Content in this bundle
- Working Paper