Colombia: Selected Issues

Volume/Issue: Volume 2005 Issue 162
Publication date: May 2005
ISBN: 9781451808872
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Labor , Money and Monetary Policy , Public Finance , ISCR , CR , government , labor market , bank , assets , nonbank financial institutions , derivatives market , government plan , section reviews labor market development , levels of government , labor market condition , Labor markets , Employment , Nonbank financial institutions , East Asia , Global

Summary

This Selected Issues paper examines conditions in Colombian labor markets, which present a big challenge to the country. At end-2004, the unemployment rate amounted to 12 percent, and about one-third of the labor force was considered underemployed. The paper reviews labor market developments leading up to the reforms. It examines structural issues in the labor markets, reviews the labor market reforms, and analyzes the impact of reforms versus stronger growth. The paper also analyzes various aspects of Colombia’s system of intergovernmental transfers.