This paper investigates the hypothesis that children work because their income contribution is necessary for the household to meet subsistence expenditures. It uses the fact that a testable implication of this hypothesis is that the wage elasticity of child labor supply is negative. Previous...

This paper surveys 11 international comparative studies of poverty, income distribution, and the elderly. Although it focuses on OECD economies, some 44 countries are covered. The paper addresses a series of questions. What level are the incomes of the elderly relative to the population as a...

This paper provides an overview of labor market trends, and key policy issues worldwide. It begins with a statistical overview of major indicators relating to the labor market, highlighting the diverging experiences between the high-income countries, and many developing regions. It then reviews...

This edition of the Tajikistan Country Economic Update (CEU) is part of a semiannual series designed to monitor socioeconomic developments in Tajikistan. It presents an analysis of political, economic, and social developments, as well as the progress of and challenges with the implementation of...

The outlook for the global economy has darkened amid elevated trade tensions. International trade and investment are moderating, trade tensions remain elevated, and financing conditions are tightening. Global growth is projected to moderate from a downwardly revised 3 percent in 2018 to 2.9...

Investing in human capital is essential for Tanzania. to generate future income and achieve sustainable development, people are the most important asset countries have. Part two of this economic update discusses where Tanzania stands in terms of its investments in human capital for both children...

The economy is recovering slowly from drought, but Somalia continues to face significant challenges.The Somali economy rebounded in 2018 from the 2016/17 drought.Public finances continued to strengthen in 2018.Credit to the private sector grew rapidly in 2018, and Somalia's financial sector...

The 2020 Africa Country Policy and Institutional Assessment (CPIA) report covers the period from January to December 2019. The addition of Somalia brought the number of the region's International Development Association (IDA)-eligible countries to 39. The overall CPIA score for the region's 39...

The lockdown, social distancing, and increased costs associated with the COVID-19 pandemic have reduced output and employment, increased poverty, and depressed trade transactions; in the absence of a strong response by government, output will be lower over the next decade due to COVID-19. The...

This is the third edition of the Liberia Economic Update (LEU), a series of annual reports that assesses recent economic developments in Liberia and assists the government and its development partners in identifying emerging issues and addressing persistent challenges. It presents a broad...