Unemployment in latin america during the 1990s: Scale, trends and patterns

The growth of open unemployment in Latin America during the 1990s is one of the most disturbing results of the current performance of the labour market, given its serious effect on the situation with regard to poverty and inequality in income distribution. The ever–increasing dissociation between economic growth and unemployment levels in the countries suggests that unemployment is caused not only by circumstantial factors but also by structural factors linked to the rapid adoption of new technologies. The adverse effect of unemployment on well–being has been aggravated owing to the growth of the population strata affected, the increased duration of episodes of unemployment —with the resulting decrease in household assets— and the loss of wages suffered by workers who find jobs after a period of unemployment.

Related Subject(s): Economic and Social Development
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