Labor Market Reform Options To Boost Employment In South Africa

Author : Mr. Romain A Duval,Mr. Ippei Shibata
Publisher : International Monetary Fund
Page : 39 pages
File Size : 44,7 Mb
Release : 2021-06-11
Category : Business & Economics
ISBN : 9781513584478

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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 : F. S. Barker
Publisher : Unknown
Page : 316 pages
File Size : 42,8 Mb
Release : 2007
Category : Business & Economics
ISBN : STANFORD:36105123510708

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The South African Labour Market by F. S. Barker Pdf

Author : Peter Gahan,James A. Robinson
Publisher : Unknown
Page : 54 pages
File Size : 40,5 Mb
Release : 1998
Category : Labor market
ISBN : CORNELL:31924078704495

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What Model for the South African Labor Market? by Peter Gahan,James A. Robinson Pdf

Author : Rahul Anand,Siddharth Kothari,Naresh Kumar
Publisher : International Monetary Fund
Page : 37 pages
File Size : 52,7 Mb
Release : 2016-07-11
Category : Business & Economics
ISBN : 9781498358934

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South Africa by Rahul Anand,Siddharth Kothari,Naresh Kumar Pdf

This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work experience and gender are found to be important determinants of the job-finding rate, education attainment and race are important determinants of the job-exit rate. Using stock-flow equations, counterfactual exercises are conducted to quantify the role of these different transition rates on unemployment. The paper also explores the contribution of unemployment towards inequality. Reducing unemployment is found to be important for reducing inequality – estimates suggest that a 10 percentage point reduction in unemployment lowers the Gini coefficient by 3 percent. Achieving a similar reduction solely through transfers would require a 40 percent increase in government transfers.

Author : Anthony Black
Publisher : Juta and Company (Pty) Ltd
Page : 397 pages
File Size : 47,6 Mb
Release : 2016-07-01
Category : Business & Economics
ISBN : 9781775820079

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Towards Employment-Intensive Growth in South Africa by Anthony Black Pdf

South Africa’s high rate of unemployment (26.4%) makes it a complete outlier compared with other middle-income countries. Indeed, the unemployment rate rises to 36% if discouraged workers are taken into account. It underpins extreme poverty and inequality and is a major contributor to social dislocation. If it were not for increased social payments, poverty would have continued to increase since the advent of democracy in 1994. Unemployment also represents a huge cost to growth. This book focuses on the growth path of the economy. The starting point is that while more rapid economic expansion is an important objective, at any given level of growth, the economy as a whole needs to become more labour-absorbing. The central question posed is how to bring about changes in the economic structure and pattern of development, which would lead to the attainment of this objective. The authors argue that employment needs to be much more centrally positioned within the economic and social policy arena. They emphasise innovative approaches within a broader focus on the growth path, and employment-intensive growth. And they posit that the negative impact of previous ‘distortions’ requires much more than a levelling of the playing field via market-based reforms. Apart from presenting an alternative growth path which could start to shift the economy in new directions, the book tackles themes which have received only limited attention, such as wage subsidies, youth unemployment and employment growth in rural areas.

Author : Amine, Samir
Publisher : IGI Global
Page : 301 pages
File Size : 53,5 Mb
Release : 2018-02-23
Category : Business & Economics
ISBN : 9781522541356

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Employment Protection Legislation in Emerging Economies by Amine, Samir Pdf

New developments in legislation have increased the availability of employment. These advances result in long-term improvement of economic and sustainable development. Employment Protection Legislation in Emerging Economies is a critical scholarly resource that examines legislation relating to employment protection in developing economies and its impacts on unemployment, job creation, productivity, and the efficiency of the labor market. Featuring coverage on a broad range of topics, such as labor reform, job creation, and the social protection agenda, this book is geared towards academicians, practitioners, and researchers seeking current research on legislation relating to employment protection.

Author : Robert Pollin,Gerald A. Epstein,Léonce Ndikumana
Publisher : Edward Elgar Publishing
Page : 248 pages
File Size : 50,5 Mb
Release : 2007-02-23
Category : Business & Economics
ISBN : 1782543856

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An Employment-targeted Economic Program for South Africa by Robert Pollin,Gerald A. Epstein,Léonce Ndikumana Pdf

'Investment in South Africa is low, real interest rates are high, the employment-intensity of growth has been relatively slow. The "employment-targeted program" advocated in this book seeks to reverse these tendencies by lowering average interest rates and channeling subsidized credit to labor-intensive, pro-poor activities, particularly small-scale agriculture and small and medium-sized enterprises. This is a bold program and by challenging conventional "inflation-targeted" economic policy, the book makes a major contribution to the debate on economic policy in South Africa.' - Keith B. Griffin, University of California-Riverside, US The people of South Africa, and the African National Congress-led government, have made extraordinary social and economic advances since ending apartheid and beginning the transition to democracy in 1994. But the country still faces severe problems of mass unemployment, underemployment and poverty. This study, sponsored by the United Nations Development Program, presents a detailed economic program designed to produce major reductions in unemployment and poverty, and a general spreading of economic well-being, and to achieve these ends in a manner that is sustainable over a longer-term framework.

Author : Mr.Romain A Duval,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 58 pages
File Size : 53,7 Mb
Release : 2019-05-21
Category : Business & Economics
ISBN : 9781498315203

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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.

Author : Mr.Bankim Chadha
Publisher : International Monetary Fund
Page : 38 pages
File Size : 49,7 Mb
Release : 1994-09-01
Category : Business & Economics
ISBN : 9781451853032

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Disequilibrium in the Labor Market in South Africa by Mr.Bankim Chadha Pdf

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Author : Mkhululi Ncube
Publisher : ILO South-E Eam
Page : 48 pages
File Size : 55,9 Mb
Release : 2008
Category : Labor market
ISBN : UCBK:C100364263

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The Labour Market and Decent Work Agenda in Southern Africa by Mkhululi Ncube Pdf

Author : Haroon Bhorat,Paul Lundall,Sandrine Rospabé
Publisher : Unknown
Page : 62 pages
File Size : 41,9 Mb
Release : 2002
Category : Globalization
ISBN : 9221130576

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The South African Labour Market in a Globalizing World by Haroon Bhorat,Paul Lundall,Sandrine Rospabé Pdf

Author : International Monetary,International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 127 pages
File Size : 54,8 Mb
Release : 2022-02-11
Category : Business & Economics
ISBN : 9798400200250

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South Africa: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for South Africa by International Monetary,International Monetary Fund. African Dept. Pdf

South Africa’s subpar economic performance over the last decade has weakened its macroeconomic fundamentals and social indicators. In response to formidable COVID-19-related challenges, government expenditure surged, and, amid declining revenue, the budget deficit widened significantly. The South African Reserve Bank (SARB) and the Prudential Authority (PA) preserved adequate liquidity conditions and financial-sector stability. The cyclical recovery from the deep contraction has been faster than expected but its strength is unlikely to be sustained. Benign global market conditions have supported asset performance, although term premia are elevated due to fiscal risks. Bank soundness indicators remain solid, but a deepening bank-sovereign nexus raises some concerns.

Author : Tony Avirgan,Sarah Gammage
Publisher : Unknown
Page : 524 pages
File Size : 44,9 Mb
Release : 2005
Category : Business & Economics
ISBN : STANFORD:36105131977253

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Good Jobs, Bad Jobs, No Jobs by Tony Avirgan,Sarah Gammage Pdf

Author : Anthony Abiodun Eniola,Chux Gervase Iwu,Abdullah Promise Opute
Publisher : Taylor & Francis
Page : 177 pages
File Size : 50,6 Mb
Release : 2022-12-30
Category : Business & Economics
ISBN : 9781000816624

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The Future of Entrepreneurship in Africa by Anthony Abiodun Eniola,Chux Gervase Iwu,Abdullah Promise Opute Pdf

For many years, entrepreneurship has been considered as one of the most important solutions to the three-pronged challenges, poverty, unemployment and inequality, of most African countries. A recent development that has undoubtedly compounded the challenges that African entrepreneurs face and further impede the economic growth impact is Covid-19. This pandemic has exerted severe damage to economies and businesses globally. For the African setting, the implications of Covid-19 on businesses and individuals would be enormous, as African societies are rarely equipped to absorb unexpected shocks of this magnitude as the social and welfare schemes are far below requirements. This book illuminates entrepreneurship in the African setting, focusing on the prospects, challenges, and the post-Covid-19 pandemic future. It aims to offer a rich repository of information on strategies and techniques for sustaining entrepreneurial activities that can enrich African nations and will be of relevance to academics, researchers, advanced students, entrepreneurs, governments, and government agencies who are interested in understanding issues relating to entrepreneurship development within the African continent.

Author : Rahul Anand
Publisher : Unknown
Page : 38 pages
File Size : 52,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1305850753

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South Africa by Rahul Anand Pdf

This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using individual level panel data from the Quarterly Labor Force Survey. While prior work experience and gender are found to be important determinants of the job-finding rate, education attainment and race are important determinants of the job-exit rate. Using stock-flow equations, counterfactual exercises are conducted to quantify the role of these different transition rates on unemployment. The paper also explores the contribution of unemployment towards inequality. Reducing unemployment is found to be important for reducing inequality - estimates suggest that a 10 percentage point reduction in unemployment lowers the Gini coefficient by 3 percent. Achieving a similar reduction solely through transfers would require a 40 percent increase in government transfers.