Understanding how private sector investments create jobs and affect households’ welfare is critical to informing the development impact of such investments in developing countries. IFC’s Sector Economics & Development Impact Department and the World Bank’s Poverty & Equity Global Practice have jointly developed (i) a macro-micro simulation model to estimate the distributional impact of private sector investments on labor market outcomes to advance the Bank Group’s goals of poverty reduction and shared prosperity, and (ii) a database of indicators and measures of job quality to assess the quality of employment across developing countries. This webinar will present the macro-micro simulation model implemented for Colombia, which combines IFC’s economy-wide impact assessment methodology with a simplified and integrated micro survey-based simulation (ADePT) tool developed by the Poverty & Equity Global Practice. It will also discuss a set of harmonized Job Quality Indicators across countries and industries based on four dimensions: income, employment benefits, job stability, and employment conditions.
