The labor market and economic stabilization inZambia

Christopher Colclough

No 222, Policy Research Working Paper Series from The World Bank

Abstract: This report examines trends in the Zambian labor market over the period since independence. It focuses particularly on two phenomena - skill shortages and wage rigidities - which have made it more difficult for the economy to recover from the fall in price of its main export commodity : copper, in the mid 1970s. Real wages did fall somewhat over the following decade, but insufficiently so to promote economic diversification and recovery. The rigidities also help to explain the failure of more recent stabilization efforts, including the IMF program of 1985 - 1987.

Keywords: Environmental Economics&Policies; Health Monitoring&Evaluation; Public Sector Economics&Finance; Banks&Banking Reform; Inequality (search for similar items in EconPapers)
Date: 1989-11-30
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