The Labor Market in Ukraine: Rebuild Better
LeAnn
Tue, 12/20/2022 – 15:16
Abstract: The full-scale invasion of Ukraine and the ongoing war have caused and continue causing damages of devastating proportions. We analyse the impact on the Ukrainian labor market and propose a framework for its rebuilding. The Ukrainian labour market needs not only to be rebuilt – it needs to be rebuilt better. The unprecedented challenges imposed by the reconstruction can be met by a labour market promoting labor market participation and easing the reallocation of workers across jobs. Reconstruction will require a mix of emergency measures dealing with the legacies of the war and structural reforms addressing pre-existing inefficiencies of the Ukrainian labour market. We illustrate the challenges in light of the experience of other European countries having gone through military conflicts in a recent past and propose strategies for action. The detailed proposals are consistent with a four-pronged strategy for reconstruction aimed at: investing in human capital for the future by offering remedial education to the pupils having lost years of education, and offering retraining to job losers still far from retirement; making a better use of existing human capital, increasing labour force participation of women …read more
Source:: Hoover Institution