Labour Market Institutions And Wage Inequality

Author : Ms. Florence Jaumotte,Ms. Carolina Osorio
Publisher : International Monetary Fund
Page : 30 pages
File Size : 45,6 Mb
Release : 2015-07-10
Category : Business & Economics
ISBN : 9781513526904

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Inequality and Labor Market Institutions by Ms. Florence Jaumotte,Ms. Carolina Osorio Pdf

The SDN examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners’ income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.

Author : Janine Berg
Publisher : Edward Elgar Publishing
Page : 430 pages
File Size : 52,7 Mb
Release : 2015-01-30
Category : Business & Economics
ISBN : 9781784712105

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Labour Markets, Institutions and Inequality by Janine Berg Pdf

Labour market institutions, including collective bargaining, the regulation of employment contracts and social protection policies, are instrumental for improving the well-being of workers, their families and society. In many countries, these instituti

Author : Winfried Koeniger
Publisher : Unknown
Page : 44 pages
File Size : 54,5 Mb
Release : 2004
Category : Electronic
ISBN : CORNELL:31924100364599

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Labour market institutions and wage inequality by Winfried Koeniger Pdf

Author : Florence Jaumotte,Carolina Osorio Buitron
Publisher : Unknown
Page : 31 pages
File Size : 40,6 Mb
Release : 2015
Category : Income distribution
ISBN : 1513536095

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Inequality and Labor Market Institutions by Florence Jaumotte,Carolina Osorio Buitron Pdf

"The paper examines the role of labor market institutions in the rise of income inequality in advanced economies, alongside other determinants. The evidence strongly indicates that de-unionization is associated with rising top earners' income shares and less redistribution, while eroding minimum wages are related to increases in overall income inequality. The results, however, also suggest that a lack of representativeness of unions may be associated with higher inequality. These findings do not necessarily constitute a blanket recommendation for higher unionization and minimum wages, as country-specific circumstances and potential trade-offs with other policy objectives need to be considered. Addressing inequality also requires a multipronged approach, which should include taxation reform and curbing excesses associated with financial deregulation.

Author : John Enrico DiNardo
Publisher : Unknown
Page : 80 pages
File Size : 48,5 Mb
Release : 1995
Category : Income distribution
ISBN : IND:30000113738706

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Labor Market Institutions and the Distribution of Wages, 1973-1992 by John Enrico DiNardo Pdf

This paper presents a semiparametric procedure to analyze the effects of institutional and labor market factors on recent changes in the U.S. distribution of wages. The effects of these factors are estimated by applying kernel density methods to appropriately 'reweighted' samples. The procedure provides a visually clear representation of where in the density of wages these various factors exert the greatest impact. Using data from the Current Population Survey, we find, as in previous research, that de-unionization and supply and demand shocks were important factors in explaining the rise in wage inequality from 1979 to 1988. We find also compelling visual and quantitative evidence that the decline in the real value of the minimum wage explains a substantial proportion of this increase in wage inequality, particularly for women. We conclude that labor market institutions are as important as supply and demand considerations in explaining changes in the U.S. distribution of wages from 1979 to 1988.

Author : Nicole M. Fortin,Lemieux, Thomas,Université de Montréal. Centre de recherche et développement en économique
Publisher : Montréal : Université de Montréal, Dép. de sciences économiques
Page : 11 pages
File Size : 46,8 Mb
Release : 1996
Category : Minimum wage
ISBN : 2893823076

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Labor Market Institutions and Gender Differences in Wage Inequality by Nicole M. Fortin,Lemieux, Thomas,Université de Montréal. Centre de recherche et développement en économique Pdf

Author : Francine D. Blau,Lawrence M. Kahn
Publisher : A E I Press
Page : 56 pages
File Size : 53,5 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105019323653

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Wage Inequality by Francine D. Blau,Lawrence M. Kahn Pdf

Compares trends in wage inequalities in the USA and nine other industrialized countries in the middle to late 1980s. Concludes that wages are more unequal in the USA than they are in other advanced economies.

Author : Rolph van der Hoeven
Publisher : Unknown
Page : 62 pages
File Size : 49,8 Mb
Release : 2000
Category : Distributive justice
ISBN : STANFORD:36105112847558

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Labour Markets and Income Inequality by Rolph van der Hoeven Pdf

Discusses the outcomes of the economic reform policies of the 1980s and 1990s in terms of inequality focusing on developing countries.

Author : J. Hellier,N. Chusseau
Publisher : Springer
Page : 347 pages
File Size : 49,8 Mb
Release : 2012-11-13
Category : Business & Economics
ISBN : 9781137283306

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Growing Income Inequalities by J. Hellier,N. Chusseau Pdf

This book explores the widening gap between the wage packets of skilled and unskilled workers that has become a pressing issue for all states in the globalized world economy. Comparing the experiences of more and less developed economies, chapters analyse the underlying causes and key social changes that accompany income inequality.

Author : Pedro Goulart,Raul Ramos,Gianluca Ferrittu
Publisher : Springer Nature
Page : 711 pages
File Size : 47,8 Mb
Release : 2023-01-01
Category : Business & Economics
ISBN : 9783030892654

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Global Labour in Distress, Volume II by Pedro Goulart,Raul Ramos,Gianluca Ferrittu Pdf

This book, the second of two volumes, explores the transformations to the labour market observed since the offi cial end of the Cold War in 1991. This period is defi ned by the retreat of the state and a move towards more market-based economies, followed by a State comeback with the Great Recession. These bumpy decades for labour and changing labour policies are analysed thematically. The second volume focuses on labour earnings and inequality, underemployment, (in)decent work, and labour market policies. This book aims to examine how labour institutions, both in developed and developing countries, have responded to the challenges faced over the last 30 years. It will be relevant to students and researchers interested in labour economics, political economy, and development economics.

Author : Daniel Cohen,Thomas Piketty,Gilles Saint-Paul
Publisher : OUP Oxford
Page : 372 pages
File Size : 54,5 Mb
Release : 2002-10-24
Category : Business & Economics
ISBN : 9780191045677

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The Economics of Rising Inequalities by Daniel Cohen,Thomas Piketty,Gilles Saint-Paul Pdf

This book is an in-depth discussion of rising inequalities in the western world. It explores the extent to which rising inequalities are the mechanical consequence of changes in economic fundamentals (such as changes in technological or demographic parameters), and to what extent they are the contingent consequences of country-specific and time-specific changes in institutions. Both the 'fundamentalist' view and the 'institutionalist' view have some relevance. For instance, the decline of traditional manufacturing employment since the 1970s has been associated in every developed country with a rise of labor-market inequality (the inequality of labor earnings within the working-age population has gone up in all countries), which lends support to the fundamentalist view. But, on the other hand, everybody agrees that institutional differences (minimum wage, collective bargaining, tax and transfer policy, etc.) between Continental European countries and Anglo-Saxon countries explain why disposable income inequality trajectories have been so different in those two groups of countries during the 1980s-90s, which lends support to the institutionalist view. The chapters in this volume show the strength of both views. Through empirical evidence and new theoretical insights the contributors argue that institutions always play a crucial role in shaping inequalities, and sometimes preventing them, but that inequalities across age, sex, and skills often recur. From Sweden to Spain and Portugal, from Italy to Japan and the USA, the volume explores the diversity of the interplay between market forces and institutions.

Author : Richard Barry Freeman
Publisher : Unknown
Page : 52 pages
File Size : 53,5 Mb
Release : 2007
Category : Economic development
ISBN : IND:30000163944444

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Labor Market Institutions Around the World by Richard Barry Freeman Pdf

The paper documents the large cross-country differences in labor institutions that make them a candidate explanatory factor for the divergent economic performance of countries and reviews what economists have learned about the effects of these institutions on economic outcomes. It identifies three ways in which institutions affect economic performance: by altering incentives, by facilitating efficient bargaining, and by increasing information, communication, and trust. The evidence shows that labor institutions reduce the dispersion of earnings and income inequality, which alters incentives, but finds equivocal effects on other aggregate outcomes, such as employment and unemployment. Given weaknesses in the cross-country data on which most studies focus, the paper argues for increased use of micro-data, simulations, and experiments to illuminate how labor institutions operate and affect outcomes.

Author : Mr.Romain A Duval,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 58 pages
File Size : 55,9 Mb
Release : 2019-05-21
Category : Business & Economics
ISBN : 9781498313261

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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 : John Peters
Publisher : University of Toronto Press
Page : 399 pages
File Size : 42,7 Mb
Release : 2022-06-29
Category : Political Science
ISBN : 9781442665125

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Jobs with Inequality by John Peters Pdf

Income inequality has skyrocketed in Canada over the past few decades. The rich have become richer, while the average household income has deteriorated and job quality has plummeted. Common explanations for these trends point to globalization, technology, or other forces largely beyond our control. But, as Jobs with Inequality shows, there is nothing inevitable about inequality. Rather, runaway inequality is the result of politics and policies - what governments have done to aid the rich and boost finance and what they have not done to uphold the interests of workers. Drawing on new tax and income data, John Peters tells the story of how inequality is unfolding in Canada today by examining post-democracy, financialization, and labour market deregulation. Timely and novel, Jobs with Inequality explains how and why business and government have rewritten the rules of the economy to the advantage of the few, and considers why progressive efforts to reverse these trends have so regularly run aground.

Author : Francine D. Blau,Lawerence M. Kahn
Publisher : Russell Sage Foundation
Page : 327 pages
File Size : 54,5 Mb
Release : 2002-04-11
Category : Business & Economics
ISBN : 9781610440677

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At Home and Abroad by Francine D. Blau,Lawerence M. Kahn Pdf

Throughout the latter part of the 20th century, the U.S. labor market performed differently than the labor markets of the world's other advanced industrialized societies. In the early 1970s, the United States had higher unemployment rates than its Western European counterparts. But after two oil crises, rapid technological change, and globalization rocked the world's economies, unemployment fell in the United States, while increasing dramatically in other nations. At the same time, wage inequality widened more in the United States than in Europe. In At Home and Abroad, Cornell University economists Francine D. Blau and Lawrence M. Kahn examine the reasons for these striking dissimilarities between the United States and its economic allies. Comparing countries, the authors find that governments and unions play a far greater role in the labor market in Europe than they do in the United States. It is much more difficult to lay off workers in Europe than in the United States, unemployment insurance is more generous in Europe, and many fewer Americans than Europeans are covered by collective bargaining agreements. Interventionist labor market institutions in Europe compress wages, thus contributing to the lower levels of wage inequality in the European Union than in the United States. Using a unique blend of microeconomic and microeconomic analyses, the authors assess how these differences affect wage and unemployment levels. In a lucid narrative, they present ample evidence that, as upheavals shook the global economy, the flexible U.S. market let wages adjust so that jobs could be maintained, while more rigid European economies maintained wages at the cost of losing jobs. By helping readers understand the relationship between different economic responses and outcomes, At Home and Abroad makes an invaluable contribution to the continuing debate about the role institutions can and should play in creating jobs and maintaining living standards.