Economic crises like the one that Latin America and the Caribbean is suffering now, have long-lasting effects on the structure of employment and may permanently drive many from the formal economy, according to a new World Bank report, EMPLOYMENT IN CRISIS: The Path to Better Jobs in a Post Covid-19 Latin America.
The Covid-19 pandemic is having the biggest impact on low-skilled workers and exacerbating the region’s already high inequality, according to the report. Low-skilled workers often suffer from lower earnings for a decade following a crisis, while high-skilled workers see a quick rebound. As a result, government labor policies should focus on providing social safety nets and retraining, as well as improving the macroeconomic and business environment to ensure long-term and inclusive economic growth.
At this seminar, Joanna Silva, Senior Economist, Office of the Chief Economist for Latin America and the Caribbean, World Bank, presented the main findings of the report.
8am-9am, Friday August 6, 2021 (Japan Standard Time)
Senior Economist, Office of the Chief Economist for Latin America and the Caribbean, World Bank
Joana Silva is a Senior Economist at the Office of the Chief Economist for Latin America and the Caribbean. Since joining the World Bank in 2007 as a Young Professional, Joana published several books and articles on a broad set of issues related to economic development, including labor economics, education/skills, social safety nets, poverty, inequality, political economy of economic reforms, firm dynamics and international trade. Her research has been published in professional journals such as the Journal of International Economics, Economics Letters, Review of World Economics and IZA Journal of Labor Policy. Book titles authored or coauthored by Joana include “Sustaining Employment and Wage Gains in Brazil: a Skills and Jobs Agenda”, “Inclusion and Resilience: The Way Forward for Social Safety Nets in the Middle East and North Africa” and “Striving for Better Jobs: The Challenge of Informality in the Middle East and North Africa”. While at the Bank she authored thematic Flagship Reports (e.g. as Task Team Leader for the 2013 MENA Development Report, the Brazil Skills & Jobs report), managed cross-sectorial lending projects and advisory activities (e.g. Task Team Leader for innovative labor and social protection projects), and contributed to a range of analytical studies on design and evaluation of social welfare systems, labor markets, political economy, international integration and investment climate. She holds a Ph.D. in Economics from the University of Nottingham. Prior to joining the World Bank, she also worked for the Globalization and Economic Policy Research Center at the University of Nottingham and the Inter-American Development Bank. She is fluent in Portuguese, French, English, and Spanish.
EMPLOYMENT IN CRISIS: The Path to Better Jobs in a Post Covid-19 Latin America (PDF)
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