Finance & Development, March 2015

Author: International Monetary Fund. External Relations Dept.

Volume/Issue: Volume 0052 Issue 001

Publication date: February 2015

ISBN: 9781498351942

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Topics covered in this book

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Business and Economics , Nature , Social Science , Labor , Economics- Macroeconomics , Taxation - General , Natural Resources , Emigration and Immigration , FD , F&D , worker , firm , IMF-World Bank , job growth , income , household enterprise employment , jobs package , crisis level , Unemployment , Wages , Income inequality , Personal income , Global , Europe , Sub-Saharan Africa , Africa , Caribbean

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Summary

This chapter discusses the impact of global recession on the working population and looks at the future of work in the global economy from a variety of angles. IMF economist Prakash Loungani leads off with an overview of the global jobs landscape and examines the reasons behind the slow recovery of jobs in the wake of the global financial crisis. The chapter also highlights an argument for a jobs- and wage-led global recovery, while IMF researchers probe the relationship between declining trade union membership and inequality.