Employment and economic growth in Costa Rica
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Abstract
Costa Rica's economic growth in the last 25 years has had favorable labor market and income distribution consequences. Overall, employment growth kept pace with labor force growth, the mix of jobs improved, real wages rose, and relative inequality and absolute poverty fell. But during the economic crisis of 1980–1982, when real per capita income plummeted, labor market conditions deteriorated markedly: unemployment doubled, employment composition worsened, and real wages fell by 40%. Growth, labor market conditions, and income distribution
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This report was prepared with financial support from the United States Agency for International Development (USAID). Helpful discussions with Robert Adler and Minor Sagot are gratefully acknowledged.
Copyright © 1988 Published by Elsevier Ltd.