By
Social Protection and Labor Markets Division (VPS/SCL/SPL)
The Better Jobs Index is a tool for comparative analysis of labor markets in Latin America. This index evaluates the state of employment in the region through two dimensions: quantity and quality, each comprising two indicators. The quantity dimension measures how many people wish to work (labor force participation) and how many are actually employed (employment rate). The quality dimension assesses how much of the work generated is registered in social security systems (formality) and how many workers earn wages sufficient to lift them above the poverty line (sufficient wages). Through the Better Jobs Index, the Inter-American Development Bank aims to provide countries with a new instrument to more effectively monitor employment conditions, facilitate cross-country comparisons, and promote policies that lead to more favorable employment conditions.
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