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This books focuses on a) the performance of labor markets in the Latin American and Caribbean region since the beginning of the significant structural reforms most countries in the region have undertaken; b) the structure of labor markets, institutions, and incentive structures; c) the effects of that structure on employment, earnings, income distribution, and poverty levels; d) the role of labor market institutions in labor market trends; e) the options for reform and the benefits of comprehensive labor reforms, as evidenced inside and outside the region; and f) labor policy reforms to improve in a sustainable way the employment/unemployment outlook. The book was written to encourage a call for comprehensive labor market reforms. Successful labor market reforms must be complemented with strengthening of the safety nets and with macroeconomic policies that sustain robust growth, particularly in the sectors that are likely to give rise to substantial job creation.

Publisher: World Bank

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