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Volume :24 Issue : 4 1996      Add To Cart                                                                    Download

Labor Market Trends in The Kuwait Economy

Auther : Yousuf AL-Ibrahim

Labor is an essential factor in production . moreover , the availability of jobs in society has a direct impact on the standard of living ,and social and political stability of the society . the abundant financial resources  in Kuwait , for the past forty years have allowed the government to provide jobs for every Kuwaiti citizen willing work . how ever , this situation cannot continue due to the decline in oil revenues and the continuous increases in population . in the near future , Kuwait’s economy  will face an unemployment crises attributable to increase in labor supply accompanied by a decline in demand for labor . the aim of this paper is to discuss these new developments and their impact on the labor market. Section one of the paper presents a brief review of the economic literature on the role of labor in economic activities .section two reviews the historical development of Kuwait’s labor market over the past four decades , and its financial and economic implications. In section three, the future profile of the Kuwait labor market , in the next 10-15 years , is estimated on the basis of recent economic conditions and labor and population projections . section four concludes with a discussion of some policy recommendations and their implications for the labor market.

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