Labor markets in Latin America: a look at the supply-side |
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Authors: | Suzanne Duryea Miguel Szkely |
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Institution: | Inter-American Development Bank, Research Department, 1300 New York Avenue, Washington DC 20577, USA |
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Abstract: | This work asks whether there is a supply-side story to be told about labor market outcomes in Latin America. We present stylized facts about the connection between the demographic transition and changes in education (the size and quality of the labor force), with labor supply, inequality, and unemployment. The main conclusion is that the neglected topics of demographics and education improve our understanding of the overall decline in employment, the changing pattern of unemployment, and the rise in wage inequality. By adding them to the well-established demand and institutional factors behind these outcomes, we can obtain a clearer picture about labor markets in Latin America. |
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Keywords: | Latin America Labor markets Demographics Education Inequality |
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