Explaining High Unemployment in ECCU Countries /

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...

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Autor principal: James, Ronald
Altres autors: Lafeuillee, Jemma, Salinas, Gonzalo, Xin Li, Mike
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2019.
Col·lecció:IMF Working Papers; Working Paper ; No. 2019/144
Accés en línia:Full text available on IMF
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100 1 |a James, Ronald. 
245 1 0 |a Explaining High Unemployment in ECCU Countries /  |c Ronald James, Jemma Lafeuillee, Mike Xin Li, Gonzalo Salinas. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2019. 
300 |a 1 online resource (32 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
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. 
538 |a Mode of access: Internet 
700 1 |a Lafeuillee, Jemma. 
700 1 |a Salinas, Gonzalo. 
700 1 |a Xin Li, Mike. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2019/144 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2019/144/001.2019.issue-144-en.xml  |z IMF e-Library 

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