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Full Description
Employment and Development brings together the contributions of 2014 IZA Prize in Labor Economics award winner Gary S. Fields to address global employment and poverty problems. Most of the poor in developing countries live in households in which people work, but still they are poor because the best available work pays so little. Employment and Development: How Work Can Lead From and Into Poverty questions how economic growth affects standards of living, how labor markets work in developing countries, and how different labor market policies affect well-being.
Through a collection of essays, this book tackles major questions in development and labor economics. Who benefits from economic growth and who is hurt by economic decline? Why are distributional factors and labor market conditions improving in some countries but not in others? How do developing countries' labor markets work? How would labor market conditions change if different policies were to be put into effect? What are the welfare consequences of these changes? Through distributional analysis, Fields examines inequality, poverty, income mobility, and economic well-being, and through analysis of changing labor market conditions he examines employment and unemployment, employment composition, and labor earnings. By concentrating on the poor and understanding how the labor markets work for them and how their labor market earnings might be raised in response to different policy interventions, Fields addresses questions of first-order importance for human well-being.
Contents
Part I: Introduction by the Editor
Part II: Introduction by the Author
Part III: Setting the Framework
1: Aid, Growth, and Jobs: A Five Part Policy Framework
2: The Distributional Effects of Economic Growth
3: How the Poor are Working
Part IV: Modelling Labor Markets and the Effects of Labor Market Policies
4: Rural-Urban Migration, Urban Unemployment and Underemployment, and Job Search Activity in LDCs
5: On-the-Job Search in a Labor Market Model
6: A Welfare Economic Approach to Growth and Distribution in the Dual Economy
7: Labor Market Modeling and the Urban Informal Sector
8: Changes over Time in Individual Countries
Part V: Assessing Changes in Income Distribution
9: On Inequality Comparisons
10: Do Inequality Measures Measure Inequality?
11: The Absolute Poverty Approach
12: Economic Well-Being
13: Income Mobility
14: Earnings Mobility, Inequality, and Economic Growth
Part VI: Bringing the Components Together
15: Private and Social Returns to Education
16: A Welfare Economic Analysis of Labor Market Policies
Part VII: Concluding Thoughts
17: Directions for Future Research
