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Rapid demographic change creates an imperative for countries to better harness their human Rapid demographic change creates an imperative for countries to better harness their human

Rapid demographic change creates an imperative for countries to better harness their human - PowerPoint Presentation

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Uploaded On 2018-02-13

Rapid demographic change creates an imperative for countries to better harness their human - PPT Presentation

Labor productivity in many LAC countries has languished for years during which growth was supported by favorable tailwinds Countries now faces powerful demographic headwinds on growth ID: 631123

demographic countries years labor countries demographic labor years favorable source people brazil education skills growth

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Slide1

Rapid demographic change creates an imperative for countries to better harness their human capital.

Labor productivity in many LAC countries has languished for years during which growth was supported by favorable ‘tailwinds’. Countries now faces powerful demographic ‘headwinds’ on growth. Populations in many LICs and MICs are ‘ageing’ at an unprecedented pace.The demographic ‘window of opportunity’ to productively engage young people is closing.In Brazil, the ‘working age’ population will peak in 5 years.Slide2

Education systems are falling short of expectations: Poor performance, repetition and dropouts.

Source: WBG Brazil Expenditure Review, Education chapter

Drop out ratesSlide3

Younger people are more likely to withdraw from the labor force, particularly the lower skilled

Source: BR Skills and Jobs 2, using PNAD surveysSlide4

Policy makers have to look beyond reform of labor market regulation for solutions.

Correlation between de-jure ‘rigidity and youth unemployment is weak

More ‘active’ policies and programs have shown favorable results

Intermediation, counseling and coaching are more cost effective than skills training.