Description: Unemployment-Poverty Trade-Offs

Unemployment-Poverty Trade-Offs

The author examines the potential trade-offs that may arise between poverty alleviation and unemployment reduction. He discusses various analytical arguments that may provide a rationale for their existence, and uses three alternative methodologies...

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Bibliographic Details
Main Author:	Agénor, Pierre-Richard
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	AGGREGATE LEVEL ARBITRAGE AUTOREGRESSION AVERAGE GROWTH AVERAGE GROWTH RATE CAPITAL ACCUMULATION CAPITAL FORMATION CENTRAL BANK CONSTANT RETURNS TO SCALE COUNTRY REGRESSIONS DATA SOURCES DEPENDENT VARIABLE DEVELOPING COUNTRIES DEVELOPING REGIONS DIMINISHING RETURNS DIRECT IMPACT DISCOUNTED VALUE ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC SHOCKS ECONOMISTS ELASTICITY ELASTICITY OF DEMAND EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXERCISES EXPLANATORY VARIABLES EXTERNALITY EXTREME POVERTY FUNCTIONAL FORM GDP PER CAPITA GROWTH CONTEXT GROWTH LITERATURE GROWTH PROCESS GROWTH RATE GROWTH RATES HEAD- COUNT RATIO HEADCOUNT INDEX HEADCOUNT POVERTY HEADCOUNT RATIO HIGH HOUSEHOLD SURVEY HUMAN DEVELOPMENT HUMAN DEVELOPMENT REPORT IMPORTS INCOME INCREASE POVERTY INFLATION INFLATION RATE INFORMAL ECONOMY INFORMAL SECTOR INFORMAL SECTORS INNOVATION INTERNATIONAL POVERTY LINE INTERNATIONAL POVERTY LINES LABOR FORCE LABOR MARKET LIFE EXPECTANCY LIVING STANDARDS LONG RUN LONG TERM MACROECONOMIC CONDITIONS MARGINAL COST MARGINAL PRODUCT MARKET ECONOMY MICRO DATA MINIMUM WAGE MORTALITY NATIONAL POVERTY NATIONAL POVERTY LINE 0 HYPOTHESIS OUTPUT GAP OUTPUT GROWTH OUTPUT PER CAPITA PAYROLL TAXES POLICY GOALS POOR COUNTRIES POSITIVE EXTERNALITIES POVERTY POVERTY ALLEVIATION POVERTY GAP POVERTY INDEX POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY RATE POVERTY RATES POVERTY REDUCTION PRIMARY SCHOOL PRODUCTION FUNCTION PRODUCTION TECHNOLOGY PRODUCTIVITY PRODUCTIVITY GROWTH REAL EXCHANGE RATE REAL GDP REAL INCOME REAL WAGES SAVING RATE SAVINGS SHORT TERM SIGNIFICANT EFFECT SIGNIFICANT IMPACT SIMULATION TECHNIQUES STANDARD DEVIATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES UNEMPLOYMENT UNEMPLOYMENT RATE UNEMPLOYMENT RATES UNSKILLED LABOR URBAN AREAS URBAN HOUSEHOLDS URBAN POOR URBAN POVERTY VULNERABLE GROUPS WELFARE FUNCTION WORKERS WORKING POOR YOUNG PEOPLE YOUNG WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2004/05/4973104/unemployment-poverty-trade-offs http://hdl.handle.net/10986/14028

Description
Summary:	The author examines the potential trade-offs that may arise between poverty alleviation and unemployment reduction. He discusses various analytical arguments that may provide a rationale for their existence, and uses three alternative methodologies to assess their relevance: a vector autoregression framework (which is applied to Brazil and Chile), cross-country regressions, and simulations with a structural macro model linked to a household survey. Impulse response functions to output and wage shocks indicate no short-run tradeoff. between unemployment and poverty. By contrast, regression results, which control for a variety of determinants of poverty rates across countries, suggest that such a trade-off may indeed exist. Simulations with the structural model show that labor market reforms may induce both short- and long-run trade-offs between the composition of unemployment and the incidence of poverty among household groups.

Unemployment-Poverty Trade-Offs

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