Claudia Goldin, a professor at Harvard, became the first woman ever to win the Nobel Memorial Prize in Economic Sciences individually, without co-winners, on October 9, when the Royal Swedish Academy of Sciences held up her work as generating "the first comprehensive account of women's earnings and labour market participation through the centuries." Goldin's pioneering studies, … [Read more...] about A Nobel Prize on Women in the Labor Market that Speaks to Latin America and the Caribbean
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How the COVID Pandemic Affected Automation and Labor Markets in Peru
As COVID-19 struck the developing world, governments imposed mobility restrictions to reduce contagion, causing severe disruptions in labor markets. In Latin America and the Caribbean, where 57% of all workers hold informal jobs that often require them to be physically present, nearly half of the labor force was compelled to stop work in the first phases of the … [Read more...] about How the COVID Pandemic Affected Automation and Labor Markets in Peru
How Labor Markets Adjust to Import Competition
When competition from abroad inflicts severe shocks on a country's firms, the headlines are often about failing businesses and job losses. The shocks may come from different sources: trade reforms, competition from a foreign manufacturing powerhouse, or the entry of big retail chains from abroad. Although the trade shock is likely to bring a number of positive effects, … [Read more...] about How Labor Markets Adjust to Import Competition
Climate Change, Migration and the Urban Housing and Labor Markets
Between 1991 and 2010, millions of Brazilians migrated from rural to urban areas, many of them because of the effect of increasing drought brought on by climate change. This migration has had effects not only on wages and employment, but also on the closely-related urban housing market. We decided to examine the phenomena in a recent study, to contribute to urban … [Read more...] about Climate Change, Migration and the Urban Housing and Labor Markets
Avoiding Economic Long-COVID: Policies to Support Firms and Workers in Latin America and the Caribbean
During the peak of the COVID-19 crisis, governments in Latin America and the Caribbean aided firms and households with support packages coordinated with central bank monetary policy. For many, liquidity injections and flexible financial sector supervision helped ease the pain. While many small firms closed their doors during the crisis, surprisingly few larger … [Read more...] about Avoiding Economic Long-COVID: Policies to Support Firms and Workers in Latin America and the Caribbean