A01=Joana Silva
A01=Julian Messina
Author_Joana Silva
Author_Julian Messina
Category=JBFA
Category=KCF
Category=KCM
earnings inequality
economic boom
economic development
education expansion
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_nobargain
eq_non-fiction
eq_society-politics
firm heterogeneity
inequality
labor markets
latin america
wage
Product details
- ISBN 9781464810398
- Weight: 360g
- Dimensions: 152 x 226mm
- Publication Date: 28 Dec 2017
- Publisher: World Bank Publications
- Publication City/Country: US
- Product Form: Paperback
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This report seeks to explain the over-time trends in wage inequality in Latin America and the Caribbean (LAC) since the mid-1990s. It explains how wage inequality has been associated with household-income inequality in LAC in the past decades, and discusses how labor-supply and labour-demand trends have affected wage inequality.
The Latin American region achieved something truly remarkable during the 2000s: it sustained vigorous economic growth with declining inequality. Other regions in the world grew strongly during this period, but this growth was not shared equitably. However, lower commodity prices and slower growth in China have reduced Latin America’s growth prospects in recent years. At the same time, inequality reduction has halted in many countries. As the new low-growth scenario hits labor markets, it is important to ask whether the social gains of the 2000s can be sustained. Will lower wage growth occur across all segments of the wage distribution in Latin America, or will the slowdown disproportionately hurt those who have less? Will the economic slowdown put the brakes on the reduction of wage inequality in Latin America? To answer these forward-looking questions and to know what to expect, it is essential to understand the causes of the observed changes in wage inequality in the past decades, which is the focus of this research project.
