Outlook and Policy Options for Philippine Employment Towards 2040

Bibliographic Data

ID12326482
AuthorsPhilip Arnold Tuaño (0000-0001-6195-4420, Ateneo de Manila University), Joselito T Sescon (0000-0001-8804-5462, Ateneo de Manila University, corresponding author), Rolly Czar Joseph T Castillo (Ateneo de Manila University), Cymon Kayle Lubangco (0000-0002-1292-4687, Ateneo de Manila University), Brian Jason H Ponce (0000-0002-8349-1065, Ateneo de Manila University), Prezatia Moseska Maria Vicario (Ateneo de Manila University), Prezatia Moseska Maria H Vicario (Ateneo de Manila University)
Year2025
Volume16
Issue3
Pages428-451
Publication date2025-02-07
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueMillennial Asia (JOURNAL)
Journal identifiersISSN: 2321-7081 • E-ISSN: 0976-3996
PublisherSAGE Publishing (PUBLISHER • US)
DOI10.1177/09763996241313027
OpenAlexW4407263171
LanguageEN
References cited18

The Philippine labour market is characterized by a large and diverse workforce but faces significant issues, including adoption to continuing global technological changes in production. Addressing these challenges requires policies that target vital strategic industries for sustainable economic growth and job creation to fulfil its ambitions for the Filipino people in 2040. Using a computable general equilibrium model, we simulate the labour market in the 2024–2040 period, assuming growth targets with modest capital and technological factor productivity changes. The results show an increase in employment shares and presumably the share of value added overall in skilled and unskilled workers. The conduct of multi-sectoral employment planning summits from the national to regional levels as mandated by the recently passed employment law called the Trabaho Act would address issues related to productivity growth

Development economics · Economic policy · Economics · Political science · Economic Growth and Productivity · Employment and Welfare Studies · Fiscal Policy and Economic Growth

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