Explaining high unemployment in ECCU countries /:
In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates several factors that could explain them, finding that high unit labor costs, in a context of strong unionization, are significantly associated with high structural unemployment, whil...
Gespeichert in:
| Hauptverfasser: | , , , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
[2019]
|
| Schriftenreihe: | IMF working paper ;
WP/19/144. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates several factors that could explain them, finding that high unit labor costs, in a context of strong unionization, are significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also suggests that high-paid jobs in the public and tourism sectors, which have been growing considerably in recent decades, could have increased the reservation wage and lowered labor force participation. We find no indication that high structural unemployment is related to the phase out of EU preferences on bananas/sugar exports or to a skills mismatch. As expected, unemployment has been substantially, but only temporarily fueled by large natural disasters. |
| Beschreibung: | 1 online resource (33 pages) |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1498326234 9781498326230 |
Internformat
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| 520 | 3 | |a In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates several factors that could explain them, finding that high unit labor costs, in a context of strong unionization, are significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also suggests that high-paid jobs in the public and tourism sectors, which have been growing considerably in recent decades, could have increased the reservation wage and lowered labor force participation. We find no indication that high structural unemployment is related to the phase out of EU preferences on bananas/sugar exports or to a skills mismatch. As expected, unemployment has been substantially, but only temporarily fueled by large natural disasters. | |
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| author | James, Ronald Lafeuillee, Jemma Li, Mike Salinas, Gonzalo Savchenko, Yevgeniya |
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| spelling | James, Ronald, author. Explaining high unemployment in ECCU countries / by Ronald James, Jemma Lafeuillee, Mike Xin Li, Gonzalo Salinas, and Yevgeniya Savchenko. [Washington, D.C.] : International Monetary Fund, [2019] ©2019 1 online resource (33 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Paper ; WP/19/144 Includes bibliographical references. Online resource; title from PDF title page (IMF, viewed Sept. 4, 2020). In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates several factors that could explain them, finding that high unit labor costs, in a context of strong unionization, are significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also suggests that high-paid jobs in the public and tourism sectors, which have been growing considerably in recent decades, could have increased the reservation wage and lowered labor force participation. We find no indication that high structural unemployment is related to the phase out of EU preferences on bananas/sugar exports or to a skills mismatch. As expected, unemployment has been substantially, but only temporarily fueled by large natural disasters. Eastern Caribbean Currency Union. http://id.loc.gov/authorities/names/n00093762 Eastern Caribbean Currency Union fast Unemployment Caribbean Area. Unemployment fast Caribbean Area fast Lafeuillee, Jemma, author. Li, Mike, author. http://id.loc.gov/authorities/names/no2016158578 Salinas, Gonzalo, author. http://id.loc.gov/authorities/names/no2006077623 Savchenko, Yevgeniya, author. http://id.loc.gov/authorities/names/no2007078996 International Monetary Fund, issuing body. http://id.loc.gov/authorities/names/n81052755 has work: Explaining high unemployment in ECCU countries (Text) https://id.oclc.org/worldcat/entity/E39PCGVfP6tGbXcvb3vf7Qmw4q https://id.oclc.org/worldcat/ontology/hasWork Print version: James, Ronald. Explaining High Unemployment in ECCU Countries. Washington, D.C. : International Monetary Fund, ©2019 9781498318709 IMF working paper ; WP/19/144. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2223224 Volltext |
| spellingShingle | James, Ronald Lafeuillee, Jemma Li, Mike Salinas, Gonzalo Savchenko, Yevgeniya Explaining high unemployment in ECCU countries / IMF working paper ; Eastern Caribbean Currency Union. http://id.loc.gov/authorities/names/n00093762 Eastern Caribbean Currency Union fast Unemployment Caribbean Area. Unemployment fast |
| subject_GND | http://id.loc.gov/authorities/names/n00093762 |
| title | Explaining high unemployment in ECCU countries / |
| title_auth | Explaining high unemployment in ECCU countries / |
| title_exact_search | Explaining high unemployment in ECCU countries / |
| title_full | Explaining high unemployment in ECCU countries / by Ronald James, Jemma Lafeuillee, Mike Xin Li, Gonzalo Salinas, and Yevgeniya Savchenko. |
| title_fullStr | Explaining high unemployment in ECCU countries / by Ronald James, Jemma Lafeuillee, Mike Xin Li, Gonzalo Salinas, and Yevgeniya Savchenko. |
| title_full_unstemmed | Explaining high unemployment in ECCU countries / by Ronald James, Jemma Lafeuillee, Mike Xin Li, Gonzalo Salinas, and Yevgeniya Savchenko. |
| title_short | Explaining high unemployment in ECCU countries / |
| title_sort | explaining high unemployment in eccu countries |
| topic | Eastern Caribbean Currency Union. http://id.loc.gov/authorities/names/n00093762 Eastern Caribbean Currency Union fast Unemployment Caribbean Area. Unemployment fast |
| topic_facet | Eastern Caribbean Currency Union. Eastern Caribbean Currency Union Unemployment Caribbean Area. Unemployment Caribbean Area |
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