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The impact of financial crises on labor markets, household incomes, and poverty : a review of evidence (English)

The 1990s have witnessed several financial crises, of which the East Asia and Mexico tequila crises are perhaps the most well-known. What impact have these crises had on labor markets, household incomes, and poverty? Total employment fell by much less than production declines and even increased in some cases. However, these aggregates mask considerable churning in employment across sectors, employment status, and location. Economies that experienced...
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Fallon,Peter R.; Lucas,Robert E. B..

The impact of financial crises on labor markets, household incomes, and poverty : a review of evidence (English). Washington DC : World Bank. http://documents.worldbank.org/curated/en/169801468340790106

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