WILLEMSTAD – Labor market challenges, including youth unemployment, skills mismatches and informality, will be a key research theme for the Central Bank of Curaçao and Sint Maarten over the next three years.
The CBCS warns that persistent labor market inefficiencies undermine productivity, fiscal sustainability and long-term growth. Research will assess how education aligns with labor market needs, the impact of migration, wage dynamics and the role of flexible versus informal employment.
The bank also plans to study strategies for improving human capital development and transitioning workers from the informal to the formal economy.