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An overview of labor markets world-wide : key trends and major policy issues

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  • Betcherman, Gordon

Abstract

This paper provides an overview of labor market trends, and key policy issues worldwide. It begins with a statistical overview of major indicators relating to the labor market, highlighting the diverging experiences between the high-income countries, and many developing regions. It then reviews four global trends that are rapidly changing labor markets, and affecting workers all over the world. These trends are the changing industrial structure which is being accompanied by rapid urbanizations; global economic integration; technological change through the information and communication technology revolution; and, the informalization of many economic activities. While policy responses to these developments depend on national circumstances, there are certain priorities that - investing in human resources, social protection for workers, and labor market regulation - are reviewed in the final section of the paper.

Suggested Citation

  • Betcherman, Gordon, 2002. "An overview of labor markets world-wide : key trends and major policy issues," Social Protection Discussion Papers and Notes 25510, The World Bank.
    • Handle: RePEc:wbk:hdnspu:25510
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    References listed on IDEAS

    as
    1. Aidt, Toke & Tzannatos, Zafiris, 2001. "The cost and benefits of collective bargaining : a survey," Social Protection and Labor Policy and Technical Notes 23309, The World Bank.
    2. Eli Berman, 2000. "Does Factor-Biased Technological Change Stifle International Covergence? Evidence from Manufacturing," NBER Working Papers 7964, National Bureau of Economic Research, Inc.
    3. David H. Autor & Frank Levy & Richard Murnane, 2000. "Upstairs, Downstairs: Computer-Skill Complementarity and Computer-Labor Substitution on Two Floors of a Large Bank," NBER Working Papers 7890, National Bureau of Economic Research, Inc.
    4. Aidt, Toke*Tzannatos, Zafiris, 2001. "The cost and benefits of collective bargaining : a survey," Policy Research Working Paper Series 23309, The World Bank.
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    Cited by:

    1. Public-Private Infrastructure Advisory Facility, 2004. "Labor Issues in Infrastructure Reform : A Toolkit, Module 1," World Bank Publications - Books, The World Bank Group, number 15020.
    2. Ali Souag & Ragui Assaad, 2018. "The impact of the action plan for promoting employment and combating unemployment on employment informality in Algeria," Middle East Development Journal, Taylor & Francis Journals, vol. 10(2), pages 272-298, July.
    3. Pooja Kansra & Harinder Singh Gill, 2017. "Role of Perceptions in Health Insurance Buying Behaviour of Workers Employed in Informal Sector of India," Global Business Review, International Management Institute, vol. 18(1), pages 250-266, February.

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