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Unemployment, Labor Laws, and Economic Policies in the Philippines

In: Labor Markets in Asia

Author

Listed:
  • Jesus Felipe

    (Asian Development Bank)

  • Leonardo Lanzona

    (Ateneo de Manila University)

Abstract

Unemployment and underemployment are the Philippines’ most important problems and the key indicators of the weaknesses of the economy. Today, around 4 million workers (about 12% of the labor force) are unemployed and another 5 million (around 17% of those employed) are underemployed. This Reserve Army of workers is a reflection of what happens in the economy, particularly because of its incapacity to provide jobs (especially in the formal sector) to its growing labor force. The social costs of this mass unemployment range from income losses to severe social and psychological problems resulting from not having a job and feeling insecure about the future. Overall, it causes a massive social inefficiency.

Suggested Citation

  • Jesus Felipe & Leonardo Lanzona, 2006. "Unemployment, Labor Laws, and Economic Policies in the Philippines," Palgrave Macmillan Books, in: Jesus Felipe & Rana Hasan (ed.), Labor Markets in Asia, chapter 0, pages 367-502, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62738-3_7
    DOI: 10.1057/9780230627383_7
    as

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    Cited by:

    1. Robert Jay Angco & Lee Timtim & Mikee Ando & Cathy Leyson & Cristy Rose Villasin, 2021. "Time series approach on Philippines' three economic participation using ARIMA Model," Technium Social Sciences Journal, Technium Science, vol. 25(1), pages 304-332, November.
    2. Rana Hasan & Karl Robert L. Jandoc, 2008. "The quality of jobs in the Philippines : Comparing self-employment with wage employment," UP School of Economics Discussion Papers 200811, University of the Philippines School of Economics.

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