01654cas a2200241 a 4500 AALejournalIMF008061 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844054 1018-5941 BD-DhAAL BD-DhAAL Brooks, Ray. Why is Unemployment High in the Philippines? / Ray Brooks. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and unemployment declines were positively correlated with real GDP growth and, to a lesser extent, negatively with the real minimum wage. The key policy implications are that higher economic growth and moderation of increases in the real minimum wage are required to reduce unemployment. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2002/023 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/023/001.2002.issue-023-en.xml IMF e-Library