It is a general tenet of economic theory that competitive markets, supported by adequate infrastructure and institutions, do a better job of determining prices and allocating resources than do large-scale government planning programmes. In the structural adjustment era of the 1980s-90s, this belief underpinned a historic shift away from central planning and toward market liberalisation…
Enhancing Youth Employment and Small Firms Growth
Project
Labour Markets and Household Enterprises
Project
Asymmetric Information on the Skills of Workers and Matching in the Labour Market
Youth unemployment is a serious issue in developing countries, where around 60% of young people are currently unemployed or underemployed [ILO 2013]. Understanding the determinants of youth employment in LICs is thus highly policy relevant, not just for policies related to labour market functioning and attachment, but also for those debates related to the incentives…
Modelling Labour Markets in LICs with Imperfect Data
Despite the centrality of the labour market to the questions of poverty and inequality, African labour markets are not well understood and significant research gaps exist. These gaps have important implications: they weaken the ability of governments to design and implement effective policies and hamper the monitoring of change and the measurement of impact. Within…