Labour Market Functioning and Thailand's Competitiveness

Dilaka Lathapipat and Thitima Chucherd
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Dilaka Lathapipat: TDRI
Thitima Chucherd: Bank of Thailand

No 2013-03, Working Papers from Monetary Policy Group, Bank of Thailand

Abstract: This paper investings the functioning of the Thai labor market in regards to structural transformation and wage structure determination. It also aims to shed light on two puzzling pieces of evidence. These are (i) the observation of low and declining unemployment rates while recent firm surveys indicate and apparent lack of both the quality of labor supply, and (ii) the stagnant growth of educational real wages in the face of tightening .abor market. Using macro and micro-level dataset, the paper addresses the fundamental problems of the labor market and draws a set of policy recommendations for improving labor market efficiency and enhancing the country's competitiveness.

Keywords: Central; Bank; Balance; Sheet; and; Policy; Implications (search for similar items in EconPapers)
JEL-codes: I21 J24 J31 J62 (search for similar items in EconPapers)
Pages: 60 pages
Date: 2013-09
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