Last week the World Bank Group’s Annual Meetings was held in Lima, Peru. The country has enjoyed more than a decade of strong economic growth. But what has this meant for the Peruvian labor market? The World Bank’s Jobs Group has used its Jobs Diagnostic tool to analyze the country to better understand how workers in Peru are enabling and benefiting from economic growth, and productivity challenges for the future.
We know there are large gender gaps in labor markets. But how pervasive are they and what can be done about them? At the November 2012 LACEA (Latin American and Caribbean Economic Association) — LAMES (Latin American Meeting of the Econometric Society) conference in Peru, academics presented new evidence on the extent of gender gaps in the labor market and some of the underlying explanations for the patterns observed.
Over the past decade, Peru has enjoyed one of the best performing economies in Latin America – one that took the financial crisis in stride. Now its focus is on sustaining this trajectory and, with about a third of the population in poverty, spread the economic gains more broadly. The JKP team and Vox LACEA spoke on the subject with Luis Miguel Castilla, Peru’s Minister of Economy and Finance, who says his top economic priorities are growth, productivity, and social inclusion.