|RELATED TOPICS:||Poverty Reduction and Labor|
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The formality status of a job is the most widely used indicator of job quality in developing countries. However, a number of studies argue that, at least for some workers, the informality status may be driven by choice rather than exclusion. This paper uses job satisfaction data from three low-income countries (Honduras, Guatemala and El Salvador) to assess whether informal jobs are less valued than formal jobs. The paper finds substantial differences in job satisfaction within different types of informal jobs. More importantly, according to self-reported measures of job satisfaction, informality is not necessarily associated with poor job quality. This correspondence varies across countries, and seems to be lower for less-skilled workers.
Competing in the world economy does not automatically boost a nation's productivity and restructure its economy. Such progress requires mobilizing capital, employment, technology and knowledge. Opportunities beyond the business realm must be fully exploited to the benfit of society as a whole. The Report provides clear policy guidelines and priorities for both government and the private sector to ... (View publication)
Over the last two decades Mexico has had an open trade regime, experienced macroeconomic stability, and made substantial progress in education. However, average workers’ earnings have stagnated and earnings for workers with more schooling have declined, compressing the earnings distribution and lowering the returns to education. We hypothesize that these developments are explained by large an ... (View publication)
The Research Department is pleased to present the latest edition of its newsletter, Ideas for Development in the Americas (IDEA). This issue is based on the IDB's 2004 report on Economic and Social Progress in Latin America, which focuses on the problems surrounding people and their jobs. The report presents an anatomy of Latin American labor markets, a diagnosis of their ills, and prescriptions f ... (View publication)
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