Staff Discussion Notes Volume 2019 Issue 002: Work In Progress: Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies (2019)

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Work In Progress: Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies

Author:

Mr. JaeBin Ahn

Mr. JaeBin Ahn
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Zidong An

Zidong Annull

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Mr. John C Bluedorn

Mr. John C Bluedorn
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Gabriele Ciminelli

Gabriele Ciminellinull

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Zsoka Koczan

Zsoka Koczan
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Mr. Davide Malacrino

Mr. Davide Malacrino
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Daniela Muhaj

Daniela Muhajnull

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, and

Patricia Neidlinger

Patricia Neidlingernull

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Series:: Staff Discussion Notes

Volume/Issue:: Volume 2019: Issue 002

Publication Date:: 22 Jan 2019

DOI:: https://doi.org/10.5089/9781484393901.006

ISBN:: 9781484393901

ISSN:: 2617-6750

Pages:: 30

Keywords:: SDN; developing economy; youth labor market prospect; product market; employment rate; economies fall; labor market flexibility; protection legislation; youth labor markets; emerging market and developing economies; Okun’s law; labor and product market institutions; structural reforms; youth employment; labor market outcome; formality rise; labor market characteristic; labor market challenge; job formality; youth labor market outcome; job quality; job prospect; Emerging and frontier financial markets; Employment; Labor markets; Minimum wages; Women; Central Asia; Sub-Saharan Africa; East Asia; South Asia

Legal-disclaimer:: Staff Discussion Notes (SDNs) showcase policy-related analysis and research being developed by IMF staff members and are published to elicit comments and to encourage debate.The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.

Series:: Staff Discussion Notes

Volume/Issue:: Volume 2019: Issue 002

Language:: English

Publication Date:: 22 Jan 2019

DOI:: https://doi.org/10.5089/9781484393901.006

ISBN:: 9781484393901

ISSN:: 2617-6750

Pages:: 30

Keywords:: SDN; developing economy; youth labor market prospect; product market; employment rate; economies fall; labor market flexibility; protection legislation; youth labor markets; emerging market and developing economies; Okun’s law; labor and product market institutions; structural reforms; youth employment; labor market outcome; formality rise; labor market characteristic; labor market challenge; job formality; youth labor market outcome; job quality; job prospect; Emerging and frontier financial markets; Employment; Labor markets; Minimum wages; Women; Central Asia; Sub-Saharan Africa; East Asia; South Asia

Legal-disclaimer:: Staff Discussion Notes (SDNs) showcase policy-related analysis and research being developed by IMF staff members and are published to elicit comments and to encourage debate.The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy.

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Economic development and growth depend on a country’s young people. With most of their working life ahead of them they make up about a third of the working-age population in the typical emerging market and developing economy. But the youth in these economies face a daunting labor market—about 20 percent of them are neither employed, in school, nor in training (the youth inactivity rate). This is double the share in the average advanced economy. Were nothing else to change, bringing youth inactivity in these economies down to what it is in advanced economies and getting those inactive young people into new jobs would have a striking effect. The working-age employment rate in the average emerging market and developing economy would rise more than 3 percentage points, and real output would get a 5 percent boost.

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Staff Discussion Notes

ISSN:: 2617-6750

Publisher:: International Monetary Fund

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