Date Published:
Dec 21, 2017
Policy Notes
Focus Area(s):
PN 2017-24

This Policy Note analyzes the Asia-Pacific Economic Cooperation (APEC) Labor Market Portal and its role in advancing labor mobility among APEC economies through a freer exchange of information. It highlights two main labor market information issues, namely, the information asymmetry and transaction costs. In terms of information asymmetry, the study finds that workers can be misallocated to tasks and sectors in case their employers do not have access to their measures of productivity. Meanwhile, it asserts that the presence of transaction costs such as high remittance fees may negatively affect the resources of poor migrants and their families in the countries of origin. Given these problems, the study recommends the adoption of national and regional qualifications frameworks as compilations of reliable data on the stocks and flows of qualifications. It also encourages the expansion of the policy of the Association of Southeast Asian Nations on visa-free entries to all APEC economies as one of the ways to address transaction cost issues.


This publication has been cited 7 times

In the Media
  1. ABS-CBN. 2018. Revamped bureaucracy under federal gov't may add up to P72B in costs. ABS-CBN.
  2. Gatpolintan, Leslie. 2018. APEC urged to create labor market information system. Philippine News Agency.
  3. Gatpolintan, Leslie. 2018. APEC urged to create labor market information system. Philippine Canadian Inquirer.
  4. Malaya Business Insight. 2018. Data bank to help address job mismatch. Malaya Business Insight.
  5. Saira Gumising. 2018. APEC urged to utilize labor market information system to address unemployment, job mismatch. Mindanao Daily.
  6. The Daily Tribune. 2018. PIDS: Labor market info can fight unemployment . The Daily Tribune.
  7. Vidal, Karl Angelo. 2018. APEC members failing to maximize potential of labor information portal. ABS-CBN.

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