Employment and Economic Growth in Costa Rica
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Fields, Gary S.
Costa Rica’s economic growth in the last 25 years has had favorable labor market and income distribution consequences. Overall, employment growth kept pace with labor force growth, the mix of jobs improved, real wages rose, and relative inequality and absolute poverty fell. But during the economic crisis of 1980-82, when real per capita income plummeted, labor market conditions deteriorated markedly: unemployment doubled, employment composition worsened, and real wages fell by 40%. Growth, labor market conditions, and income distribution have moved together.
Costa Rica; employment; economic growth; income distribution; labor market
Required Publisher Statement: © Elsevier. Final version published as: Fields, G. S. (1988). Employment and economic growth in Costa Rica. World Development, 16(12), 1493-1509. doi: 10.1016/0305-750X(88)90222-7 Reprinted with permission. All rights reserved.