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Economic and Distributional Efficiency of the Labor Market

Project Detail



Project Number


Approval Date

November 28, 2005

Project Status


Project Type

Technical Cooperation





Lending Instrument


Lending Instrument Code




Facility Type


Environmental Classification


Total Cost

USD 180,000.00

Country Counterpart Financing

USD 40,888.00

Original Amount Approved

USD 139,112.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/FG-9545-ME Sovereign Guaranteed USD - European Euro Spanish Framework - General Cooperation Nonreimbursable
Operation Number ATN/FG-9545-ME
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - European Euro
  • Reporting Date:
  • Signed Date:
  • Fund: Spanish Framework - General Cooperation
  • Financial Instrument: Nonreimbursable
Published 2023
A Nobel Prize on Women in the Labor Market that Speaks to Latin America and the Caribbean   
Claudia Goldin, a professor at Harvard, became the first woman ever to win the Nobel Memorial Prize in Economic Sciences individually, without co-winners, on October 9, when the Royal Swedish Academy of Sciences held up her work as generating “the first comprehensive account of women’s earnings and labour market participation through the centuries.” Goldin’s pioneering
Published 2024
Economia do Comportamento para Melhores Políticas Públicas
Prazo de inscrição: 27 de Agosto, 2024Nos últimos anos, cada vez mais governos e formuladores de políticas têm percebido que, para serem verdadeiramente bem-sucedidas, as políticas públicas devem considerar a forma como os indivíduos se comportam e tomam decisões. Com essa premissa, este curso se propõe a ensinar os conceitos fundamentais da economia do comportamento e como estes diferem da visão do modelo econômico tradicional. O curso também introduz ferramentas que podem ajudar a promover a tomada de melhores decisões e apresenta casos reais de intervenções em que esses “empurrões” foram usados para aprimorar as políticas públicas em países da América Latina e de outras partes do mundo.
Published 2023
Headwinds facing the post-pandemic recovery in the Caribbean
After two tumultuous years, 2023 remains characterized by headwinds facing countries across the world. Our previous publications have highlighted the unprecedented nature of the COVID-19 shock to economies across the Caribbean region, particularly given its extreme dependence on external demand for resources, tourism, and finance. Just as the pandemic’s effects began to dissipate in 2021,
Published 2023
Riding the economic waves: Trinidad and Tobago’s navigation through the headwinds
While 2022 represented a year of recovery for the Caribbean, following drastic economic contractions for many economies in 2020, exogenous economic shocks derailed anticipated progress. High fuel prices spurred increases in transportation and electricity costs across the region, contributing to rising headline inflation. The most recent edition of the IDB’s Caribbean Economics Quarterly highlights the
Published 2022
Digital Infrastructure’s Outsized Potential for the Caribbean
Our latest issue of the Caribbean Quarterly Economic Bulletin highlights new IDB research suggesting that many Latin American and Caribbean countries lag behind most advanced economies in digital and telecommunications infrastructure. Closing these gaps could yield dividends in productivity, employment, and growth—particularly for the six members of the IDB’s Caribbean Country Department (The Bahamas, Barbados,
Published 2024
A Unique Opportunity at the IDB for Talented Research Assistants
The Research Department of the Inter-American Development Bank (IDB) is seeking motivated, organized, and experienced research assistants to help produce data analysis of local economies in Latin America and the Caribbean. Research assistants participate in groundbreaking research in areas ranging from education and the environment to banking, finance, and political economy. They typically advance to
Published 2021
One Region, One Commitment: Towards Sustainable Recovery in Latin America and the Caribbean
Em preparaçao para a próxima Confernecia da Biodiversidade da ONU (COP15) e a Conferencia sobre Mudança Climática da UNFCCC (COP26), o Grupo do BID organizou “Uma Regiao, Um Compromisso”, uma cúpula virtual para mostrar às regioes as múltiplas conquistas nas agendas de mudança climática e biodiversidade na América Latina América e Caribe. Ao longo de 3 dias foram realizadas 22 sessoes, nas quais os oradores discutiram as políticas climáticas avançadas que estao a ser promovidas por vários países, sublinharam que o papel do setor privado e da sociedade civil é indispensável e inadiável, destacaram a oportunidade única que agora temos para refletir sobre o tipo de recuperaçao que queremos para a regiao, e examinamos como harmonizar as metas de sustentabilidade com o crescimento economico em múltiplas frentes. Este documento fornece um breve resumo das principais liçoes da cúpula. Esperamos que também sirva como um guia para continuar aprendendo com o valioso conhecimento e experincia compartilhada durante este evento.
Published 2024
Qual o peso da flexibilidade e das tarefas de cuidado na lacuna salarial entre homens e mulheres?
A eliminação da brecha salarial entre homens e mulheres para trabalho de igual valor é uma das metas do Objetivo de Desenvolvimento Sustentável 8. Em 2019, a Assembleia Geral das Nações Unidas instituiu o dia 18 de setembro como Dia Internacional da Igualdade Salarial, como forma de impulsionar as medidas destinadas a alcançar a meta.
Published 2021
The Macro-Economic Effects of Hurricanes in The Bahamas: A Case Study Using Satellite Night Light Luminosity
This paper analyses the macroeconomic effects of Hurricanes Joaquin (2015), Matthew (2016), Irma (2017), and Dorian (2019) across different islands in The Bahamas. The methodology used, based on Zegarra et al. (2020), uses historical night light intensity data between 2015 and 2019 and monthly GDP. The analysis is complemented by a breakdown of the direct and indirect costs by island that compiles the information in the four Damages and Losses Assessments conducted by the Economic Commission on Latin America and the Caribbean and the Inter-American Development Bank. The results suggest, first, that the year-to-year nominal growth rate in The Bahamas decreased during the month and quarter of each hurricane event, but that there was no contraction of the countrys growth rate in the year of the event. However, all islands showed a significant contraction in GDP after the start of the COVID-19 outbreak, which overlapped with the effects of Hurricane Dorian. Second, large islands like New Providence and Grand Bahama experienced larger GDP contractions following the hurricanes, but no such clear pattern was obtained for the Family Islands. Third, macroeconomic recovery times to achieve pre-hurricane GDP levels took between 4-8 months on average for the four events studied. Fourth, the composition of sectors affected by the events did not seem to have a major effect on the severity of the economic shock. For all the hurricanes studied, tourism, transport infrastructure, and housing were recurrently the most affected sectors. Based on the findings of the analysis, recommendations include the following: (1) Make greater use of these methodologies to study the macroeconomic effects of natural disasters, supplemented by microeconomic, social, and sector-specific studies; (2) Conduct further analysis of island-specific economic drivers and post-hurricane economic effects; and (3) Promote climate change adaptation and disaster risk management to reinforce macroeconomic resilience in sectors that drive national GDP and to foster resilience in sectors and on islands.
Published 2021
Maneuvering Uncertainty: Scenario Planning in Belize
The IDB has been experimenting with the Scenario Planning methodology since 2019 in order to challenge and innovate its approach to strategic planning, as well as to enhance the agility with which it anticipates and adapts for the delivery of its mission. Belize was identified as a prime candidate that would benefit from testing and deployment of the Strategic Planning Exercise. This methodology will complement the preparation cycle work of the Country Strategy of the IDB with Belize for the period 2022-2026. It is also expected to challenge the traditional process by exploring uncertainty in the contextual environment, but more specifically, by considering those factors which may influence the IDBs work, but which are out of IDBs control. This paper presents two Scenarios for Belize's future towards 2030, as well as the process involved in developing these scenarios. The scenarios are dissected to identify their most salient themes and are followed by a discussion of potential implications, should the scenarios materialize. Also considered are steps the country may introduce presently in order to be better prepared for potential challenges and how the IDB, through the Country Office, may support building Belize's resilience for such scenarios.
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