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Poverty reduction, shared prosperity and inequality in FYR Macedonia in the post financial crisis period (2009-2013) (English)

FYR Macedonia has experienced a decline in poverty in the post global financial crisis period (2009-2013) in spite of a weak macroeconomic performance. In contrast to the pre-crisis period when growth was robust but poverty stagnant, poverty indicators indicate an improvement on the living conditions of the bottom of the distribution. Employment gains were the main reason for the increase in welfare among the less well-off, while other income sources like pensions, social assistance or remittances have played a limited role. Labor income at the bottom of the distribution continues to be very low, however, and the sustainability of the employment gains is uncertain as the public sector played an important role for employment expansion in the period. Still, FYR Macedonia faces many challenges looking forward. Despite the recent improvements, poverty and inequality is still high when compared with other countries with similar levels of GDP per capita in the region. Income-generation opportunities for the poor are limited as the poor have very weak labor market attachment, their employment quality is lower than for the rest and are more likely to be employed in low productivity sectors. Inclusive growth seem also to be challenged by the differences in access to high wage jobs for women and the youth. Demographics seem important looking forward, since they will shape future labor markets performance.

Details

  • Document Date

    2017/01/01

  • Document Type

    Working Paper

  • Report Number

    114786

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    North Macedonia,

  • Region

    Europe and Central Asia,

  • Disclosure Date

    2017/05/04

  • Disclosure Status

    Disclosed

  • Doc Name

    Poverty reduction, shared prosperity and inequality in FYR Macedonia in the post financial crisis period (2009-2013)

  • Keywords

    Macro Economics & Fiscal Management;welfare aggregate;public-private partnership;disposable income;absolute poverty;relative poverty rate;relative poverty line;inequality and shared prosperity;Active Labor Market Policies;Social Protection;household per capita income;active labor market policy;effect of government spending;consumption;global financial crisis;increase in labor;per capita consumption;reduction in poverty;labor income;nationally representative survey;depth of poverty;standard of living;change in welfare;social allowance;public sector employment;poverty indicator;living condition;income growth;household income;average real wage;labor productivity growth;absolute poverty line;drop in poverty;equitable income distribution;source of income;wages and salary;source income;sickness and disability;high growth rate;Poverty & Inequality;household disposable income;decline in poverty;net job creation;total employment growth;reduction of poverty;basket of good;international poverty line;labor force growing;channels of transmission;social assistance program;difference in poverty;unpaid family worker;poor rural household;private pension benefit;poverty gap index;social assistance spending;extreme poverty line;social insurance contribution;tax on income;investments in infrastructure;labor force participation;lack of availability;employment creation;unemployment rate;Cash Transfer;disability benefit;inequality indicator;social transfer;Education Allowance;social exclusion;consumption aggregate;median income;business enterprise;agricultural sector;adult equivalent;official poverty;

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Citation

Poverty reduction, shared prosperity and inequality in FYR Macedonia in the post financial crisis period (2009-2013) (English). Washington, D.C. : World Bank Group http://documents.worldbank.org/curated/en/635111493908412390/Poverty-reduction-shared-prosperity-and-inequality-in-FYR-Macedonia-in-the-post-financial-crisis-period-2009-2013