LEADER 02290cam a22003975i 4500001 99131234522906421 005 2017120105327.0 006 m o d 007 cr cn||||||||| 008 020129s2017 dcu o i00 0 eng^^ 024 7 10.1596/28219 |2doi 035 (CKB)4920000001210689 035 (The World Bank)28219 035 (US-djbf)28219 035 (EXLCZ)994920000001210689 040 DJBF |beng |cDJBF |erda 100 1 Robalino, David A. 245 10 Economic Analysis of Jobs Investment Projects / |cDavid A Robalino. 264 1 Washington, D.C. : |bThe World Bank, |c2017. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other papers 520 3 This Note systematizes the economic evaluation of Jobs Investment Projects. It explains the limitations of past approaches that have regarded jobs only as a by-product of growth. It focuses on market failures that create a gap between the social and private return on investments and reduce the number of good jobs below the socially optimal level. Two of these market failures are: labor externalities arising from the divergence between the market price and opportunity cost of labor; and social jobs externalities linked to improved jobs outcomes for groups such as youth, women, and the extreme poor. These externalities can amplify other market failures such as learning spillovers and coordination failures. The analysis is integrated within a Cost-Benefit framework, to facilitate decision making around jobs investment programs. The Note discusses applications to different sorts of projects: those that focus on improving the labor supply and labor market matches; those that focus on strengthening firms' demand for labor; and integrated projects, that include both types of interventions. 650 4 Labor Market 650 4 Labor Markets 650 4 Labor Policies 650 4 Poverty Reduction 650 4 Rural Development 650 4 Rural Labor Markets 650 4 Skills Development and Labor Force Training 650 4 Social Protections and Labor 700 1 Robalino, David A. 700 1 Walker, David Ian. 830 0 Other papers 830 0 World Bank e-Library. 906 BOOK