Lending for Jobs Operations

David A. Robalino and Siv Elin Tokle

No 29260289, Jobs Group Papers, Notes, and Guides from The World Bank

Abstract: This paper develops a general framework to inform the design of a new generation of jobs lending operations. The paper discusses the rationale for developing jobs focused lending operations with specific targets in terms of job creation, job quality, and labor markets outcomes for vulnerable population groups. It reviews the current portfolio of jobs-flagged lending operations, discusses the limitations of existing interventions, and outlines options to optimize countries lending portfolios and develop new, integrated, jobs lending operations on the basis of jobs diagnostics and jobs strategies. The paper provides examples of innovative projects that are currently under preparation or implementation, including jobs investment projects that link supply-side and demand side interventions; jobs Program for Results (PforRs), and jobs Development Policy Lending. The final section describes the types of monitoring and evaluation systems that these new projects would require to track jobs outcomes.

Keywords: small and medium size enterprise; Micro, Small and Medium Enterprise; paper issue; Macro Economics & Fiscal Management; rate of return to capital; Democratic Republic of Congo; job development; labor force participation rate; social rate of return; optimal portfolio of investment; Internal rate of return; learning and innovation loan; Cost of Doing Business; active labor market program; education and training system; impact on poverty reduction; Job Creation; labor market outcome; standard of living; special economic zone; cost benefit analysis; number of jobs; quality of job; return on investment; vulnerable population group; patterns of investment; data collection forms; access to job; output per worker; access to finance; emergency recovery loan; informal sector activity; level of policy; labor market failure; human capital accumulation; Early Childhood Development; labor force survey; allocation of resource; Rule of Law; distribution of skill; adaptable program loan; investments in infrastructure; privileges and immunity; social insurance program; lack of resource; private sector policy; technical assistance loan; business support service; integration of refugees; living in poverty; average unemployment rate; public sector employment; allocation of investment; core labor standard; job creation rate; labor market transition; highly indebted country; access to capital; innovation and growth; public investment program; sustainable private sector; labor market opportunities; social insurance coverage; number of beneficiaries; labor productivity growth; private investment financing; product market regulation; theory of change; labor policy; Labor Policies; social externalities; Informal Jobs; regional policy; investment operation; Job Quality; vulnerable worker; job opportunity; labor supply; job opportunities; working condition; private rate; labor regulation; skill development; youth employment; intermediate outcome; matching grant; pipeline operation; social stability; social cost; indirect impact; household level; binding constraint; increasing investment; market price; intermediate level; firm performance; direct beneficiaries; vulnerable group; labor demand; firm entry; financing instrument; business environment; demand-side interventions; Employment Services; industrial competitiveness; firm level; subsequent section; lagging region; investment lending; basic infrastructure; market demand; gradual approach; job impact; agricultural productivity; rural area; blend country; farm jobs; rural livelihood; infrastructure service; operational portfolio; Jobs Flag; portfolio matrix; operational work; private program; global partnership; individual farmer; wage subsidy; supply-side interventions; small fraction; retention rates; positive impact; livelihood improvement; Business Regulation; opportunity cost; financial intermediaries; creating job; regional breakdown; target beneficiary; high tax; complementary activities; knowledge spillover; absorptive capacity; poverty trap; strategic framework; donor activities; systematic strategies; resource mobilization; high poverty; Fiscal policies; fiscal policy; technological frontier; educational background; commercial relationship; worker productivity; Wage Subsidies; social security; Tax Administration; regulatory capacity; firm owner; estimation methodology; regional intervention; sales revenue; entrepreneurship promotion; informal worker; firm growth; fiscal adjustment; economic appraisal; standardized assessment; technological change; Business Registry; rural region; general equilibrium; young men; young woman; allocative efficiency; economic region; finance infrastructure; macroeconomic environment; community initiative; Macroeconomic Policy; transmission mechanism; copyright owner; sole responsibility; job loss; original work; commercial purpose; unemployment insurance; minimum level; financing system; transactions cost; job destruction; protecting worker; youth unemployment (search for similar items in EconPapers)
Date: 2017-12-01
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