Staff Discussion Notes

Work In Progress: Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies

By JaeBin Ahn, Zidong An, John C Bluedorn, Gabriele Ciminelli, Zsoka Koczan, Davide Malacrino, Daniela Muhaj, Patricia Neidlinger

January 22, 2019

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JaeBin Ahn, Zidong An, John C Bluedorn, Gabriele Ciminelli, Zsoka Koczan, Davide Malacrino, Daniela Muhaj, and Patricia Neidlinger. Work In Progress: Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies, (USA: International Monetary Fund, 2019) accessed November 21, 2024
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Summary

Economic development and growth depend on a country’s young people. With most of their working life ahead of them they make up about a third of the working-age population in the typical emerging market and developing economy. But the youth in these economies face a daunting labor market—about 20 percent of them are neither employed, in school, nor in training (the youth inactivity rate). This is double the share in the average advanced economy. Were nothing else to change, bringing youth inactivity in these economies down to what it is in advanced economies and getting those inactive young people into new jobs would have a striking effect. The working-age employment rate in the average emerging market and developing economy would rise more than 3 percentage points, and real output would get a 5 percent boost.

Subject: Emerging and frontier financial markets, Employment, Financial markets, Gender, Labor, Labor markets, Minimum wages, Women

Keywords: Central Asia, Developing economy, East Asia, Economies fall, Emerging and frontier financial markets, Emerging market and developing economies, Employment, Employment rate, Formality rise, Job formality, Job prospect, Job quality, Labor and product market institutions, Labor market challenge, Labor market characteristic, Labor market flexibility, Labor market outcome, Labor markets, Minimum wages, Okun’s law, Product market, Protection legislation, SDN, South Asia, Structural reforms, Sub-Saharan Africa, Women, Youth employment, Youth labor market outcome, Youth labor market prospect, Youth labor markets

Publication Details

  • Pages:

    30

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Staff Discussion Notes No. 2019/002

  • Stock No:

    SDNEA2019002

  • ISBN:

    9781484393901

  • ISSN:

    2617-6750