The Jobs Crisis : Household and
            Government Responses to the Great Recession in Eastern
            Europe and Central Asia

World Bank

dc.creator	World Bank
dc.date	2012-03-19T09:03:17Z
dc.date	2012-03-19T09:03:17Z
dc.date	2011-03-29
dc.date.accessioned	2023-02-17T20:34:07Z
dc.date.available	2023-02-17T20:34:07Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000386194_20110411025804
dc.identifier	978-0-8213-8742-9
dc.identifier	http://hdl.handle.net/10986/2287
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/242669
dc.description	The financial crisis swiftly expanded into an economic crisis throughout America and Western Europe, from where it spread to developing countries that had depended on foreign direct investment, consumer and mortgage credit, trade, and remittances. By early 2009, it was clear that this economic downturn would be more severe than any crisis since the great depression, prompting some to it as the 'great recession.' Eastern European and Central Asian countries were hit particularly hard during 2009, global Gross Domestic Product (GDP) contracted for the first time since Second World War. The financial crisis and the ensuing economic downturn, the worst since the Great Depression in the 1930s, went hand in hand with tightening of credit markets, bank failures, firm closures, and high demand for social safety nets. This report, The jobs crisis: household and Government responses to the great recession in Eastern Europe and Central Asia, brings together evidence that World Bank teams have collected on the impact of the crisis on households and families in Eastern Europe and Central Asia. This report shows how the crisis was felt by Eastern European and Central Asian households. Not only did unemployment rise sharply but it also lasted longer. The report also shows that the pain of the recession was broader, with workers taking home smaller paychecks as firms offered lower wage rates and fewer hours of work to their workers. The jobs crisis finds that households used a variety of ways to cope with the crisis. The jobs crisis presents an account of how governments reacted to the crisis through social policy reforms and initiatives and how such responses could be improved in the future. Unemployment insurance benefits played a particularly important cushioning role, but coverage of the unemployed tended to be limited.
dc.language	English
dc.publisher	World Bank
dc.relation	Directions in development ; human development
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo
dc.rights	World Bank
dc.subject	ACCRUALS
dc.subject	ACTIVE LABOR
dc.subject	ACTIVE LABOR MARKET
dc.subject	ACTIVE LABOR MARKET PROGRAM
dc.subject	ACTIVE LABOR MARKET PROGRAMS
dc.subject	ASSISTANCE PROGRAMS
dc.subject	AUTOMATIC STABILIZER
dc.subject	BANK FAILURES
dc.subject	BENEFICIARIES
dc.subject	BORROWING
dc.subject	BUDGET DEFICITS
dc.subject	CAPITAL FLOWS
dc.subject	CAPITAL INVESTMENTS
dc.subject	CENTRAL GOVERNMENTS
dc.subject	CHILD LABOR
dc.subject	CONSOLIDATION
dc.subject	COPING STRATEGIES
dc.subject	COUNTRY-SPECIFIC FACTORS
dc.subject	COVARIATE SHOCKS
dc.subject	CREDIT MARKETS
dc.subject	DEBT
dc.subject	DEVELOPMENT BANK
dc.subject	DURABLE GOODS
dc.subject	ECONOMIC CRISES
dc.subject	ECONOMIC DOWNTURN
dc.subject	ECONOMIC DOWNTURNS
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC RECOVERY
dc.subject	EDUCATION PROGRAMS
dc.subject	EDUCATIONAL ATTAINMENT
dc.subject	EDUCATIONAL SERVICES
dc.subject	ELIGIBILITY CRITERIA
dc.subject	EMPLOYABILITY
dc.subject	EMPLOYMENT GROWTH
dc.subject	EMPLOYMENT OFFICES
dc.subject	EMPLOYMENT PROSPECTS
dc.subject	EMPLOYMENT PROTECTION LEGISLATION
dc.subject	EMPLOYMENT REDUCTION
dc.subject	ETHNIC GROUPS
dc.subject	ETHNIC MINORITIES
dc.subject	FAMILY LABOR
dc.subject	FINANCIAL CRISES
dc.subject	FINANCIAL CRISIS
dc.subject	FINANCIAL MARKETS
dc.subject	FIRING COSTS
dc.subject	FISCAL CONSTRAINTS
dc.subject	FISCAL DEFICITS
dc.subject	FISCAL DISCIPLINE
dc.subject	FLEXIBLE LABOR MARKETS
dc.subject	FOOD EXPENDITURES
dc.subject	FOOD SECURITY
dc.subject	FOREIGN LABOR
dc.subject	GOVERNMENT HEALTH
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	GROSS WAGES
dc.subject	HEALTH EXPENDITURES
dc.subject	HEALTH INSURANCE
dc.subject	HIGH EMPLOYMENT
dc.subject	HIGH UNEMPLOYMENT
dc.subject	HIGH UNEMPLOYMENT RATES
dc.subject	HOUSEHOLD CHARACTERISTICS
dc.subject	HOUSEHOLD ENTERPRISE
dc.subject	HOUSEHOLD INCOME
dc.subject	HOUSEHOLD SAVINGS
dc.subject	HOUSEHOLD SURVEYS
dc.subject	HOUSEHOLD WEALTH
dc.subject	HOUSEHOLD WELFARE
dc.subject	HUMAN CAPITAL
dc.subject	HUMAN CAPITAL INVESTMENTS
dc.subject	HUMAN DEVELOPMENT
dc.subject	IDIOSYNCRATIC SHOCKS
dc.subject	INCOME LOSSES
dc.subject	INCOME SHOCKS
dc.subject	INCOME SUPPORT
dc.subject	INFLATION
dc.subject	INFLATION RATES
dc.subject	INFLEXIBLE LABOR
dc.subject	INFORMAL CREDIT
dc.subject	INFORMAL SAFETY NETS
dc.subject	INFORMAL SECTOR
dc.subject	INFORMAL TRANSFERS
dc.subject	INSURANCE PROGRAM
dc.subject	INTERNATIONAL BANK
dc.subject	JOB LOSS
dc.subject	JOB LOSSES
dc.subject	JOB SEEKERS
dc.subject	JOB VACANCY
dc.subject	JOBS
dc.subject	JOBS CRISES
dc.subject	JOBS CRISIS
dc.subject	LABOR ADJUSTMENT
dc.subject	LABOR COSTS
dc.subject	LABOR DEMAND
dc.subject	LABOR FORCE
dc.subject	LABOR FORCE PARTICIPATION
dc.subject	LABOR LAWS
dc.subject	LABOR MARKET
dc.subject	LABOR MARKET ADJUSTMENT
dc.subject	LABOR MARKET CONDITIONS
dc.subject	LABOR MARKET POLICY
dc.subject	LABOR MARKET REGULATIONS
dc.subject	LABOR MARKETS
dc.subject	LABOR PROGRAMS
dc.subject	LABOR REGULATIONS
dc.subject	LABOR SUPPLY
dc.subject	LABOR UNION
dc.subject	LABOUR
dc.subject	LAYOFF
dc.subject	LAYOFFS
dc.subject	LEAVE OF ABSENCE
dc.subject	LOCAL GOVERNMENT
dc.subject	LOCAL GOVERNMENTS
dc.subject	LONG-TERM UNEMPLOYMENT
dc.subject	LOW EMPLOYMENT
dc.subject	MACROECONOMIC CONDITIONS
dc.subject	MACROECONOMIC CRISIS
dc.subject	MACROECONOMIC SHOCKS
dc.subject	MANPOWER
dc.subject	MANPOWER POLICY
dc.subject	MANUFACTURING INDUSTRIES
dc.subject	MARKET ECONOMIES
dc.subject	MARKET ECONOMY
dc.subject	MEDICAL CARE
dc.subject	MEDICAL INSURANCE
dc.subject	MINIMUM INCOME
dc.subject	MINIMUM WAGE
dc.subject	MINISTRIES OF FINANCE
dc.subject	MITIGATION STRATEGIES
dc.subject	MONETARY FUND
dc.subject	MORAL HAZARD
dc.subject	NATURAL DISASTERS
dc.subject	NEW ENTRANTS
dc.subject	NUTRITIONAL STATUS
dc.subject	OPPORTUNITY COSTS
dc.subject	PART-TIME EMPLOYMENT
dc.subject	PASSIVE LABOR
dc.subject	PASSIVE LABOR MARKET PROGRAMS
dc.subject	PENALTIES
dc.subject	PENSION
dc.subject	PENSIONS
dc.subject	POCKET EXPENSES
dc.subject	POLICY RESPONSES
dc.subject	POOR
dc.subject	POVERTY REDUCTION
dc.subject	PREVENTATIVE HEALTH
dc.subject	PREVENTIVE CARE
dc.subject	PRIMARY SCHOOL
dc.subject	PRIVATE SECTOR
dc.subject	PRODUCT MARKET
dc.subject	PRODUCT MARKETS
dc.subject	PROFITABILITY
dc.subject	PROGRAM DESIGN
dc.subject	PUBLIC EMPLOYMENT
dc.subject	PUBLIC SAVINGS
dc.subject	PUBLIC SPENDING
dc.subject	PUBLIC WORKS
dc.subject	PUBLIC WORKS PROGRAMS
dc.subject	REAL WAGE
dc.subject	REAL WAGES
dc.subject	RECESSIONS
dc.subject	REMITTANCE
dc.subject	REMITTANCES
dc.subject	RETIREMENT
dc.subject	SAFETY
dc.subject	SAFETY NET
dc.subject	SAFETY NET PROGRAMS
dc.subject	SAFETY NETS
dc.subject	SAVINGS
dc.subject	SELF EMPLOYMENT
dc.subject	SERVICE SECTOR
dc.subject	SEVERANCE PAY
dc.subject	SHOCK
dc.subject	SKILLED WORKERS
dc.subject	SOCIAL ASSISTANCE
dc.subject	SOCIAL BENEFITS
dc.subject	SOCIAL FUND
dc.subject	SOCIAL IMPACTS
dc.subject	SOCIAL INVESTMENT
dc.subject	SOCIAL POLICY
dc.subject	SOCIAL PROGRAMS
dc.subject	SOCIAL PROTECTION
dc.subject	SOCIAL SAFETY NETS
dc.subject	SOCIAL SECURITY
dc.subject	SOCIAL TRANSFERS
dc.subject	STRUCTURAL REFORMS
dc.subject	STRUCTURAL UNEMPLOYMENT
dc.subject	SUBSIDIARY
dc.subject	TARGETING
dc.subject	TEMPORARY EMPLOYMENT
dc.subject	TOTAL EMPLOYMENT
dc.subject	TOTAL WORKERS
dc.subject	UNEMPLOYED
dc.subject	UNEMPLOYED PEOPLE
dc.subject	UNEMPLOYED WORKERS
dc.subject	UNEMPLOYMENT
dc.subject	UNEMPLOYMENT BENEFITS
dc.subject	UNEMPLOYMENT FIGURES
dc.subject	UNEMPLOYMENT INSURANCE
dc.subject	UNEMPLOYMENT INSURANCE BENEFITS
dc.subject	UNEMPLOYMENT OFFICE
dc.subject	VULNERABLE GROUPS
dc.subject	VULNERABLE HOUSEHOLDS
dc.subject	WAGE BILL
dc.subject	WAGE LEVELS
dc.subject	WAGE RATE
dc.subject	WAGE RATES
dc.subject	WAGE SUBSIDIES
dc.subject	WAGE SUBSIDY
dc.subject	WAGE SUBSIDY PROGRAMS
dc.subject	WAGE WORKERS
dc.subject	WAR
dc.subject	WORK EXPERIENCE
dc.subject	WORKER
dc.subject	WORKERS
dc.subject	WORKING HOURS
dc.subject	YOUNGER WORKERS
dc.subject	YOUTH UNEMPLOYMENT
dc.subject	YOUTH UNEMPLOYMENT RATE
dc.subject	YOUTH UNEMPLOYMENT RATES
dc.title	The Jobs Crisis : Household and Government Responses to the Great Recession in Eastern Europe and Central Asia
dc.type	Publications & Research :: Publication
dc.type	Publications & Research :: Publication
dc.coverage	Europe and Central Asia
dc.coverage	Eastern Europe
dc.coverage	Central Asia