Labor Market Performance in Belize
Peer Reviewed
Date issued
Apr 2014
Subject
Workforce and Employment;
Labor Policy
JEL code
J08 - Labor Economics Policies;
J21 - Labor Force and Employment, Size, and Structure;
J30 - Wages, Compensation, and Labor Costs: General;
J50 - Labor—Management Relations, Trade Unions, and Collective Bargaining: General;
J60 - Mobility, Unemployment, Vacancies, and Immigrant Workers: General;
J80 - Labor Standards: National and International: General;
O12 - Microeconomic Analyses of Economic Development;
O15 - Human Resources • Human Development • Income Distribution • Migration;
O54 - Latin America • Caribbean
Country
Belize
Category
Technical Notes
The Technical Note provides an overview of labor market outcomes in Belize and a review of labor market institutions and regulations. The study considers various perspectives on Belize's market and concludes that prevailing labor market regulations, institutions and labor supply do not appear as binding constraints on achieving more rapid economic growth. Nevertheless, labor market regulations, institutions and labor supply can be improved upon, especially laws and regulations that are no longer appropriate for 21st century circumstances.
