Labor Market Trajectories in Latin America and the Caribbean: A Synthetic Panel Analysis

2018 ◽  
Author(s):  
Carla Calero ◽  
Juan Mejalenko ◽  
Oscar Mitnik ◽  
Laura Ripani
2020 ◽  
Vol 20 (20) ◽  
Author(s):  
Antonio David ◽  
Samuel Pienknagura ◽  
Jorge Roldos

Labor markets in Latin America and the Caribbean (LAC) are characterized by high levels of informality and relatively rigid regulation. This paper shows that these two features are related and together make the speed of adjustment of employment to shocks slower, especially when regulations are tightly enforced. Evidence suggests that strict labor market regulations also have an adverse effect on medium-term growth. While both regulations on prices (minimum wages) and quantities (employment protection) decrease the speed of adjustment to shocks, they appear to be binding in different phases of the cycle—the former affects mostly the (net) job creation margin and the latter the (net) job destruction margin. The results also highlight possible interactions between labor market regulations and the effectiveness of macro-stabilization tools—including exchange rate depreciation.


2016 ◽  
Vol 5 (3) ◽  
pp. 295
Author(s):  
Carina Lupica

Institutional reform becomes necessary to accompany the entry of women into the labor market and promote greater involvement of men in caring for their children in most countries of Latin America and the Caribbean. So that both partners have a paid job and, in turn, exercise their shared parental responsibilities, it is required to extend to male workers care guarantees that are not exclusively linked to the biological reproductive role of women: pregnancy, childbirth and lactation. In that sense, paternity and parental leaves are useful tools to advance from the world of work towards overcoming the old model of "the male breadwinner and female housewife." However, these important changes alone are not enough. The implementation of positive actions is essential to stimulate the cultural change needed in order to foster a new perception of workers regarding family commitments.


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