Changing Labour Market Indicators and the Rate of Economic Growth in Latin America during the 2000s

Guillermo Cruces, Gary S. Fields, David Jaume and Mariana Viollaz

in Growth, Employment, and Poverty in Latin America

Published in print May 2017 | ISBN: 9780198801085
Published online June 2017 | e-ISBN: 9780191840241 | DOI:

Series: WIDER Studies in Development Economics

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The Latin American region exhibited an increase in gross domestic product per capita during the 2000s, an improvement in all employment and earnings indicators, and poverty and inequality reductions. On a country-by-country basis, all Latin American countries exhibited positive GDP per capita growth rates during the 2000s. Most countries experienced substantial improvements in labour market conditions over the period, Honduras being the only exception to this general pattern. Finally, the growth rates of most countries in the region were negatively affected by the international crisis of 2008, which also affected several labour market indicators in the worsening direction. Most labour market indicators had fully or partially recovered by 2012–13.

Keywords: Latin America; gross domestic product; employment; poverty; inequality; labour market indicators

Chapter.  7534 words.  Illustrated.

Subjects: Economic Development and Growth

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