South Africa : labor market dynamics and inequality /

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Bibliographic Details
Author / Creator:Anand, Rahul, author, (IMF staff)
Imprint:[Washington, D.C.] : International Monetary Fund, [2016]
©2016
Description:1 online resource (37 pages) : color illustrations.
Language:English
Series:IMF working paper ; WP/16/137
IMF working paper ; WP/16/137.
Subject:Unemployment -- South Africa.
Labor market -- South Africa.
Labor market.
Unemployment.
South Africa.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12507518
Hidden Bibliographic Details
Other authors / contributors:Kothari, Siddharth, author, (IMF staff)
Kumar, Naresh, author (IMF staff)
International Monetary Fund, publisher.
International Monetary Fund. African Department, issuing body.
ISBN:9781498358934
1498358934
Notes:"July 2016."
At head of title: International Monetary Fund, African Department.
Includes bibliographical references (pages 22-23).
Description based on online resource; title from pdf title page (IMF.org Web site, viewed September 12, 2016).
Summary:This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work experience and gender are found to be important determinants of the job-finding rate, education attainment and race are important determinants of the job-exit rate. Using stock-flow equations, counterfactual exercises are conducted to quantify the role of these different transition rates on unemployment. The paper also explores the contribution of unemployment towards inequality. Reducing unemployment is found to be important for reducing inequality -- estimates suggest that a 10 percentage point reduction in unemployment lowers the Gini coefficient by 3 percent. Achieving a similar reduction solely through transfers would require a 40 percent increase in government transfers.
Description
Summary:This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work experience and gender are found to be important determinants of the job-finding rate, education attainment and race are important determinants of the job-exit rate. Using stock-flow equations, counterfactual exercises are conducted to quantify the role of these different transition rates on unemployment. The paper also explores the contribution of unemployment towards inequality. Reducing unemployment is found to be important for reducing inequality - estimates suggest that a 10 percentage point reduction in unemployment lowers the Gini coefficient by 3 percent. Achieving a similar reduction solely through transfers would require a 40 percent increase in government transfers.
Item Description:"July 2016."
At head of title: International Monetary Fund, African Department.
Physical Description:1 online resource (37 pages) : color illustrations.
Bibliography:Includes bibliographical references (pages 22-23).
ISBN:9781498358934
1498358934