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Recognizing that a credible estimate of a wage subsidy's impact requires a model of the labor market that itself generates high unemployment in equilibrium, we estimate a structural search model that incorporates both observed heterogeneity and measurement error in wages. Using the model to examine the impact of a wage subsidy, we find that a R1000/month wage subsidy paid to employers leads to an increase of R660 in mean accepted wages and a decrease of 15 percentage points in the share of youth experiencing long-term unemployment.

Zonder onderwerpscode: economie

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"For 60 years the World Bank and the development community have been searching for the secret of prosperity. For both thinkers and doers, this has been an emotional rollercoaster of hope and disappointment, certainty and doubt. In the front seat of this drama were the World Bank's country directors who were responsible for bridging the world of ideas with that of action, the technical with the political. In this book they tell this story from a deeply personal, humble, and engaged perspective. This book is fundamental reading for the next generation of those who take on the quest for developme

Economic conditions. Economic development --- Third World: economic development problems --- Economic geography --- World Bank --- anno 1990-1999 --- Developing countries --- Economic development. --- International finance. --- World Bank. --- International monetary system --- International money --- Finance --- International economic relations --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Világbank --- Banque internationale pour la reconstruction et le développement --- Mezhdunarodnyĭ bank dli︠a︡ rekonstrukt︠s︡ii i razvitii︠a︡ --- MBRR --- Sekai Ginkō --- Kokusai Fukkō Kaihatsu Ginkō --- Kukche Puhŭng Kaebal Ŭnhaeng --- Segye Ŭnhaeng --- IBRD --- Welt Bank --- Weltbank --- Banque mondiale --- Internationale Bank für Wiederaufbau und Entwicklung --- Banco Internacional de Reconstrucción y Fomento --- Banco Mundial --- B.I.R.D. --- BIRD --- Banca Internațională pentru Reconstrucție și Dezvoltare --- Mirovoĭ Bank --- Svitovyĭ Bank --- Svitovyĭ bank rekonstrukt︠s︡iï i rozvytku --- Verdensbanken --- Międzynarodowy Bank Rozwoju i Odbudowy --- Bank al-Dawlī lil-Inshāʼ wa-al-Taʻmīr --- Bank al-Dawlī --- Världsbanken --- Banca ricostruzione e sviluppo --- Banca di ricostruzione e sviluppo --- BIRF --- I.B.R.D. --- B.I.R.F. --- Shih chieh yin hang --- Shi jie yin hang --- International Bank for Reconstruction and Development --- World Bank Group. World Bank --- Thanākhān Lōk --- Bank Światowy --- Viśva Baiṅka --- Lōka Băṅkuva --- Ngân hàng Thế giới --- Vsemirnyĭ Bank --- Bank Dunia --- Msopʻlio Bankis --- Banca Mondială --- BM --- Prapañca Byāṅku --- Banca mondiale --- Banca internazionale per la ricostruzione e lo sviluppo --- Dhanāgār Bibhab Lok --- البنك الدولي --- بنك الدولي --- 世界銀行 --- 世界银行 --- 国際復興開発銀行 --- Dėlkhiĭn Bank --- Дэлхийн Банк --- Hamashkharhayin Banki --- Svetska Banka --- Wereldbank --- Internationale bank voor herstel en ontwikkeling

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Empirical analysis of two decades of pioneering pension and social security reform in Latin America and the Caribbean shows that much has been achieved, but that critical challenges remain. In tackling this unfinished agenda, a great deal can be learned from the reform experience of countries in the region. Keeping the Promise, produced by the chief economist's office in the Latin America and Caribbean Region at the World Bank, evaluates policy reforms in 12 countries, points to successes and shortcomings, and proposes priorities and options for future reform. ""Keeping the Promise provides a

Social security law --- Latin America --- Social security --- Social legislation --- Human services --- Public law --- Law and legislation

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Recognizing that a credible estimate of a wage subsidy's impact requires a model of the labor market that itself generates high unemployment in equilibrium, we estimate a structural search model that incorporates both observed heterogeneity and measurement error in wages. Using the model to examine the impact of a wage subsidy, we find that a R1000/month wage subsidy paid to employers leads to an increase of R660 in mean accepted wages and a decrease of 15 percentage points in the share of youth experiencing long-term unemployment.

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Early childhood experiences lay the foundation for outcomes later in life. Policy makers in developing countries face a dual challenge of promoting access to and quality of early childhood development services, but evidence on how to manage this trade-off is scarce. This paper studies two experiments of early childhood development programs in The Gambia: one increasing access to services, and another improving service quality. In the first experiment, new community-based early childhood development centers were introduced to randomly chosen villages that had no preexisting, structured early childhood development services. In the second experiment, a randomly assigned subset of existing early childhood development centers received intensive provider training. The analysis finds no evidence that either intervention improved average levels of child development. Exploratory analysis suggests that the first experiment, which increased access to relatively low-quality early childhood development services, led to declines in child development among children from less disadvantaged households. The evidence supports that these households may have been steered away from better quality early childhood settings in their homes. Comparisons of observationally similar children across experiments reveal that existing early childhood development centers increased language skills by 0.4 standard deviation relative to the community-based alternative, reflecting differences in program quality.

Cognitive Stimulation --- Early Childhood Development --- Education --- Randomized Control Trials --- Teacher Training