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Job Protection Deregulation in Good and Bad Times by Mr.Romain A Duval,Davide Furceri,João Tovar Jalles Pdf
This paper explores the short-term employment effect of deregulating job protection for regular workers and how it varies with prevailing business cycle conditions. We apply a local projection method to a newly constructed “narrative” dataset of major regular job protection reforms covering 26 advanced economies over the past four decades. The analysis relies on country-sector-level data, using as an identifying assumption the fact that stringent dismissal regulations are more binding in sectors that are characterized by a higher “natural” propensity to regularly adjust their workforce. We find that the responses of sectoral employment to large job protection deregulation shocks depend crucially on the state of the economy at the time of reform——they are positive in an expansion, but become negative in a recession. These findings are consistent with theory, and are robust to a broad range of robustness checks including an Instrumental Variable approach using political economy drivers of reforms as instruments. Our results provide a case for undertaking job protection reform in good times, or for designing it in ways that enhance its short-term impact.
Employment Protection Deregulation and Labor Shares in Advanced Economies by Gabriele Ciminelli,Mr.Romain A Duval,Davide Furceri Pdf
Labor market deregulation, intended to boost productivity and employment, is one plausible, yet little studied, driver of the decline in labor shares that took place across most advanced economies since the early 1990s. This paper assesses the impact of job protection deregulation in a sample of 26 advanced economies over the period 1970-2015, using a newly constructed dataset of major reforms to employment protection legislation for regular contracts. We apply the local projection method to estimate the dynamic response of the labor share to our reform events at both the country and the country-industry levels. For the latter, we employ a differences-in-differences identification strategy using two identifying assumptions grounded in theory—namely that job protection deregulation should have larger negative effects in industries characterized by (i) a higher “natural” propensity to adjust the workforce, and (ii) a lower elasticity of substitution between capital and labor. We find a statistically significant, economically large and robust negative effect of deregulation on the labor share. In particular, illustrative back-of-the-envelope calculations suggest that job protection deregulation may have contributed about 15 percent to the average labor share decline in advanced economies. Together with existing evidence regarding the macroeconomic gains from job protection and other labor market reforms, our results also point to the need for policymakers to address efficiency-equity trade-offs when designing such reforms.
The Political Economy of Work Security and Flexibility by Berton, Fabio,Richiardi, Matteo Pdf
The economic crisis has revealed the dark side of deregulation in the labour market: rising unemployment, limited access to social security and, due to low wages, no savings to count upon in bad times. This book casts light on the empirical relationship between labour market deregulation through non-standard contracts and the three main dimensions of worker security: employment, income and social security. Focusing on individual work histories, it looks at how labour market dynamics interact with the social protection system in bringing about inequality and insecurity. In this context Italy is put forward as the epitome of flexibility through non-standard work and compared with three similar countries: Germany, Spain and Japan. Results show that when flexibility is carried out as a mere cost-reduction device and social security only relies on insurance principles, deregulation leads to insecurity. 'The political economy of work security and flexibility' is essential reading for academics, students, practitioners and policy makers interested in the outcomes of labour market developments in advanced economies over the past twenty years.
Challenging the Market by Jim Stanford,Leah F. Vosko Pdf
A History for the Future will be of interest to all those who reflect on the relationship between memory, giving meaning to the past, writing history, and a society's common aspirations. The original French edition, Passer à l'avenir, won Quebec's Prix Spirale for the best non-fiction book of 2000.
The Oxford Handbook of the Welfare State by Daniel Béland,Kimberly J. Morgan,Herbert Obinger,Christopher Pierson Pdf
This is the comprehensively-revised second edition of a volume that was welcomed at its first appearance as 'the most authoritative survey and critique of the welfare state yet published'. Its fifty-one chapters have been written by acknowledged experts in the field from across Europe, Australia, and North America. Some chapters are brand new; all have been systematically revised, and they are right up to date. The first seven sections of the book cover the themes of Ethics, History, Approaches, Inputs and Actors, Policies, Policy Outcomes, and Worlds of Welfare. A final chapter is devoted to the future of welfare and well-being under the imperatives of climate change. Every chapter is written in a way that is both comprehensive and succinct, introducing the novice reader to the essentials of what is going on while providing new insights for the more experienced researcher. Wherever appropriate, the handbook brings the very latest empirical evidence to bear. It is a book that is thoroughly comparative in every way. The Oxford Handbook of the Welfare State, second edition, is a comprehensible and comprehensive survey of everything that it is important to know about the welfare state in these troubled times. It is an indispensable source for everyone who wants to know what is really going on now, and what is likely to happen next.
World Economic Outlook, October 2019 by International Monetary Fund. Research Dept. Pdf
Global growth is forecast at 3.0 percent for 2019, its lowest level since 2008–09 and a 0.3 percentage point downgrade from the April 2019 World Economic Outlook.
Designing Labor Market Institutions in Emerging and Developing Economies by Mr.Romain A Duval,Mr.Prakash Loungani Pdf
This paper discusses theoretical aspects and evidences related to designing labor market institutions in emerging market and developing economies. This note reviews the state of theory and evidence on the design of labor market institutions in a developing economy context and then reviews its consistency with actual labor market advice in a selected set of emerging and developing economies. The focus is mainly on three broad sets of institutions that matter for both workers’ protection and labor market efficiency: employment protection, unemployment insurance and social assistance, minimum wages and collective bargaining. Text mining techniques are used to identify IMF recommendations in these areas in Article IV Reports for 30 emerging and frontier economies over 2005–2016. This note has provided a critical review of the literature on the design of labor market institutions in emerging and developing market economies, and benchmarked the advice featured in IMF recommendations for 30 emerging market and frontier economies against the tentative conclusions from the literature.
Labor Market Reform Options to Boost Employment in South Africa by Mr. Romain A Duval,Mr. Ippei Shibata Pdf
Raising South Africa’s low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the urgency of action. This paper reviews labor market policy and other reform options to enhance South Africa’s job market performance, drawing from international evidence and new analysis. We find much scope for improving the design of key labor market institutions—including collective bargaining and employment protection legislation—and active labor market policies to improve job seekers’ prospects. These reforms should come hand-in-hand with others, such as in the areas of education or product market regulation, that may work pay. Labor market and other reforms would primarily benefit disadvantaged groups such as youth.
Author : Mr. Jochen R. Andritzky,Zsuzsa Munkacsi,Ke Wang Publisher : International Monetary Fund Page : 56 pages File Size : 53,6 Mb Release : 2021-05-13 Category : Business & Economics ISBN : 9781513572697
How to Gain the Most from Structural Conditionality of IMF-Supported Programs by Mr. Jochen R. Andritzky,Zsuzsa Munkacsi,Ke Wang Pdf
Structural conditionality of IMF-supported programs is designed to support structural reforms by countries borrowing from the IMF. Taking stock of program conditions and their implementation, this paper finds that conditionality focuses on fiscal, monetary and financial issues—areas where IMF expertise is strong—and shies away from structural areas such as labor or product market reforms. Hence, tackling deep-rooted structural issues during IMF-supported programs often remained elusive. To ensure countries gain most from IMF conditionality, the paper outlines an evaluation matrix for prioritizing and designing structural reforms, and applies it to case studies.
Author : Arne L. Kalleberg Publisher : Russell Sage Foundation Page : 309 pages File Size : 55,6 Mb Release : 2011-06-01 Category : Political Science ISBN : 9781610447478
The economic boom of the 1990s veiled a grim reality: in addition to the growing gap between rich and poor, the gap between good and bad quality jobs was also expanding. The postwar prosperity of the mid-twentieth century had enabled millions of American workers to join the middle class, but as author Arne L. Kalleberg shows, by the 1970s this upward movement had slowed, in part due to the steady disappearance of secure, well-paying industrial jobs. Ever since, precarious employment has been on the rise—paying low wages, offering few benefits, and with virtually no long-term security. Today, the polarization between workers with higher skill levels and those with low skills and low wages is more entrenched than ever. Good Jobs, Bad Jobs traces this trend to large-scale transformations in the American labor market and the changing demographics of low-wage workers. Kalleberg draws on nearly four decades of survey data, as well as his own research, to evaluate trends in U.S. job quality and suggest ways to improve American labor market practices and social policies. Good Jobs, Bad Jobs provides an insightful analysis of how and why precarious employment is gaining ground in the labor market and the role these developments have played in the decline of the middle class. Kalleberg shows that by the 1970s, government deregulation, global competition, and the rise of the service sector gained traction, while institutional protections for workers—such as unions and minimum-wage legislation—weakened. Together, these forces marked the end of postwar security for American workers. The composition of the labor force also changed significantly; the number of dual-earner families increased, as did the share of the workforce comprised of women, non-white, and immigrant workers. Of these groups, blacks, Latinos, and immigrants remain concentrated in the most precarious and low-quality jobs, with educational attainment being the leading indicator of who will earn the highest wages and experience the most job security and highest levels of autonomy and control over their jobs and schedules. Kalleberg demonstrates, however, that building a better safety net—increasing government responsibility for worker health care and retirement, as well as strengthening unions—can go a long way toward redressing the effects of today’s volatile labor market. There is every reason to expect that the growth of precarious jobs—which already make up a significant share of the American job market—will continue. Good Jobs, Bad Jobs deftly shows that the decline in U.S. job quality is not the result of fluctuations in the business cycle, but rather the result of economic restructuring and the disappearance of institutional protections for workers. Only government, employers and labor working together on long-term strategies—including an expanded safety net, strengthened legal protections, and better training opportunities—can help reverse this trend. A Volume in the American Sociological Association’s Rose Series in Sociology.
Author : Jane E. Ferrie Publisher : WHO Regional Office Europe Page : 261 pages File Size : 40,5 Mb Release : 1999 Category : Medical ISBN : 9789289013451
Labour Market Changes and Job Insecurity by Jane E. Ferrie Pdf
This work is the result of a symposium focusing on the anxieties that arise from changes in the world of work in Europe. The book seeks to draw attention to the changing nature of work, trends in labour market policies and the increase in job insecurity, which creates chronic unemployment.
Labour Market Deregulation in Japan and Italy by Hiroaki Richard Watanabe Pdf
Japan and Italy encountered severe economic problems in the early 1990s, and the governments had to deal with those issues effectively under the increasing neoliberal pressures of globalisation. In this context, labour market deregulation was considered an effective tool to cope with those economic problems. However, the forms and degrees of labour market deregulation in the two countries were quite different. This book seeks to explain the differences in labour market deregulation policies between Japan and Italy, despite the fact that the two countries shared a number of similar political, social and labour market (if not cultural) characteristics. Uniquely, it takes a political, rather than economic or sociological perspective to provide a theoretical and empirical analysis of the processes of labour market deregulation in the two countries. The precarious working conditions of an increasing number of non-regular workers has become a prominent social issue in many industrialised countries including Japan and Italy, but the level of the protection for these workers depends on a country’s labour market policies, which are affected by the power resources of labour unions and labour policy-making structures. This book provides a useful perspective for understanding the root causes of this phenomenon, such as the diffusion of ‘neoliberal’ ideas aimed at promoting labour-market flexibility under globalisation, and demonstrates that there is still room for politics to decide the extent of deregulation and maintain worker protection from management offensives even in an era of globalisation. Labour Market Deregulation in Japan and Italy: Worker Protection under Neoliberal Globalisation will appeal to students and scholars of Japanese politics, Italian politics, political economy and comparative politics.
National Security, Good Governance & Democracy in Africa by Dr. Dan Mou Pdf
This book demonstrates that national security and good governance are opposite sides of the same coin. As good governance improves, national security also improves, in that challenges to national security become lesser and lesser in such a society. It concludes that for most of Africa, this is not happening fast enough. Thus, creating fertile grounds for their citizens, especially the youths, to resort to self-help measures, some of which include violence and militancy. These have further complicated the issues of national security, good governance and democracy in Africa. Praise for the Book This book is a must read. Dr. Dan Mou, a world-class trained political scientist, who has served at various ministries and parastatals in Nigeria before retirement, has made stunning revelations. Lead Times Africa Magazine. Dr. Dan Mou, a varsity don and seasoned civil servant, (who) spent over two decades working in Nigerias Presidency, provides deep insights in this book, into the intractable security situation in Nigeria and Africa. He also x-rays economic policies, among other issues. Daily Trust. Having successfully designed and masterminded many workable national schemes in the past in Nigeria, like the memoranda that led to the establishment of the Economic and Financial Crimes Commission(EFCC), Ministry of Niger Delta Affairs, Amnesty Programme for the Niger Delta Region, to mention just a few, Dr. Dan Mou, in this book, has (proposed) permanent solutions it is no fallacy to say that no one else could have done it better. Dr. O. W. Bashorun, Provost, College of Education, Lagos, Nigeria.
Study on Federal Regulation Prepared Pursuant to S. Res. 71, to Authorize a Study of the Purpose and Current Effectiveness of Certain Federal Agencies by United States. Congress. Senate. Committee on Government Operations Pdf
