The contribution of work to growth and household well-being is a growing concern in East Asia Pacific. The labor share of gross domestic product (GDP) in several countries in the region has been declining. Specific problems include high youth inactivity and unemployment, rising inequality, and binding skills shortages. A key underlying issue is widespread economic informality, which increases household vulnerability to shocks, limits the tax base...
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2014/01/01
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Publication
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88174
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2
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2014/05/26
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Disclosed
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Main report
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Citation
Nguyen,Trang Van; Packard,Truman G..
East Asia Pacific at work : employment, enterprise, and well-being (Vol. 2 of 2) : Main report (English). World Bank East Asia and Pacific regional report Washington, DC : World Bank Group. http://documents.worldbank.org/curated/en/276101468262142089