| Abstract: | This article presents a comparative analysis of labor market demand in the three major economies of the Caribbean Community and Common Market (CARICOM) in the period since 1970. The regression analysis indicates that the manufacturing sectors in Barbados and Jamaica were more responsive to changing domestic and international market conditions than the agricultural sectors, or than the Trinidad & Tobago manufacturing sector. Other important conclusions based on specifications at the aggregate level are that the real wage explained labor demand only in Jamaica, and that there was a secular increase in the demand for labor in both Jamaica and Trinidad & Tobago, even after wages and output were controlled for. Taken in conjunction with the other findings for Trinidad & Tobago, we conclude that there is a need to focus on other sectors as important employers of labor in the period under analysis. |
