Crises and Labor Markets in Latin America and the Caribbean (Spanish edition): Lessons for an Inclusive Recovery from the COVID-19 Pandemic, Joana Silva, Liliana Sousa, Raymond Robertson, Truman Packard
Описание: A better policy framework for preventing, managing, and helping people recover from crises is crucial to lifting long-term growth and livelihoods in Latin America and the Caribbean (LAC). The need for this policy framework has never been more urgent as the region faces the monumental task of recovery from the worldwide COVID-19 pandemic. Whether specific policy responses will deliver the expected growth dividends will depend on the underlying vision of how labor markets adjust to crises and the quality of the policies enacted. This report estimates how crises change labor market flows, assesses how these changes affect people, and discusses the key policy responses.The key findings are threefold. First, crises have significant impacts on employment dynamics and structure in Latin America. Different labor market dynamics hide behind similar reductions in labor demand. Crises increase unemployment. This is the principal margin of adjustment despite highly informal labor markets. Across the region, the biggest employment losses are in the formal sector, driven by a reduction in job-finding rates rather than higher job-loss rates. Adjustment through reduction in hours worked does not seem to be an important factor in most countries' formal or informal sectors. Crises do not just shape worker flows temporarily—they have significant after-crisis effects on the structure of employment that last for several years. These effects are such that good job opportunities are gradually shrinking. Whereas in some countries the whole economy shrinks, in others informality serves as a partial buffer. Second, crises leave scars. Some workers recover from displacement and other livelihood shocks, while others are permanently scarred. For lower-skilled workers, earnings losses are persistent. Workers with higher education suffer no impacts of the crisis on their wages and very short-lived impacts on their employment. The responses are similar across male and female workers and workers with high and low previous participation in the formal labor market. New entrants to the labor market during a crisis face a worse career start – one from which it is difficult to recover. Yet, crises also bring efficiency gains, as detailed in this report.This study finds that both the structure of product markets and the conditions in local labor markets matter for the severity of crisis-induced employment and earnings losses across localities and sectors. Workers in more protected sectors that enjoy rents are sheltered from adjustment, while workers in localities with more informality cope better. This suggests the need for integrated responses at the worker, sector, and locality levels.Third, this study considers how the region’s policy frameworks can more effectively respond to crises—mitigating scarring, speeding adjustment, and promoting long-term growth. It proposes a three-pronged strategy, including (i) creating a more stable macroeconomic environment at the aggregate level to smooth the impacts of crises, including "automatic stabilizers" such as countercyclical, publicly-financed income support that is lacking in LAC; (ii) increasing the capacity of social protection and labor policies to provide income support as well prepare workers for change through reemployment assistance; and (iii) tackling structural issues, including addressing product market competition, contestability issues, and the spatial dimension behind poor labor market adjustment.
Legacies of the Left Turn in Latin America: The Promise of Inclusive Citizenship contains original essays by a diverse group of leading and emerging scholars from North America, Europe, and Latin America. The book speaks to wide-ranging debates on democracy, the left, and citizenship in Latin America. What were the effects of a decade and a half of left and center-left governments? The central purpose of this book is to evaluate both the positive and negative effects of the Left turn on state-society relations and inclusion.
Promises of social inclusion and the expansion of citizenship rights were paramount to the center-left discourses upon the factions' arrival to power in the late 1990s and early 2000s. This book is a first step in understanding to what extent these initial promises were or were not fulfilled, and why. In analyzing these issues, the authors demonstrate that these years yield both signs of progress in some areas and the deepening of historical problems in others. The contributors to this book reveal variation among and within countries, and across policy and issue areas such as democratic institution reforms, human rights, minorities’ rights, environmental questions, and violence. This focus on issues rather than countries distinguishes the book from other recent volumes on the left in Latin America, and the book will speak to a broad and multi-dimensional audience, both inside and outside the academic world.
Contributors: Manuel Bal?n, Fran?oise Montambeault, Philip Oxhorn, Maxwell A. Cameron, Kenneth M. Roberts, Nathalia Sandoval-Rojas, Daniel M. Brinks, Benjamin Goldfrank, Roberta Rice, Elizabeth Jelin, Celina Van Dembroucke, Nora Nagels, Merike Blofield, Jordi D?ez, Eve Bratman, Gabriel Kessler, Olivier Dab?ne, Jared Abbott, Steve Levitsky
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