The Labor Market And Economic Adjustment

Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
Page : 98 pages
File Size : 45,7 Mb
Release : 1995-11-01
Category : Business & Economics
ISBN : 9781451854787

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The Labor Market and Economic Adjustment by Pierre-Richard Agénor Pdf

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Author : Pierre-Richard Agenor
Publisher : Unknown
Page : 98 pages
File Size : 46,6 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291213679

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The Labor Market and Economic Adjustment by Pierre-Richard Agenor Pdf

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of these markets. It then studies the implications of wage inertia, nominal contracts, labor market segmentation, and impediments to labor mobility for stabilization policies. The effect of labor market reforms on economic flexibility and the channels through which labor market imperfections alter the effects of structural adjustment measures are discussed next. The last part of the paper identifies a variety of issues that may require further investigation, such as the link between changes in relative wages and the distributional effects of adjustment policies.

Author : Susan Horton
Publisher : World Bank Publications
Page : 86 pages
File Size : 53,6 Mb
Release : 1991
Category : Developing countries
ISBN : 8210379456XXX

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Labor markets in an era of adjustment : an overview by Susan Horton Pdf

This overview of a symposium on labor markets and adjustment concludes that: (1) real wages are more flexible than generally supposed, (2) labor reallocations across sectors have been more or less in the desired direction, and (3) the role of labor unions, generally supposed to be an impediment to adjustment, is more subtle than generally supposed.

Author : United States. Secretary of Labor's Task Force on Economic Adjustment and Worker Dislocation
Publisher : Unknown
Page : 208 pages
File Size : 44,9 Mb
Release : 1986
Category : Employees
ISBN : UIUC:30112104415861

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Economic Adjustment and Worker Dislocation in a Competitive Society by United States. Secretary of Labor's Task Force on Economic Adjustment and Worker Dislocation Pdf

Author : Claire H. Hollweg,Daniel Lederman,Diego Rojas,Elizabeth Ruppert Bulmer
Publisher : World Bank Publications
Page : 123 pages
File Size : 50,6 Mb
Release : 2014-07-03
Category : Business & Economics
ISBN : 9781464802638

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Sticky Feet by Claire H. Hollweg,Daniel Lederman,Diego Rojas,Elizabeth Ruppert Bulmer Pdf

This report quantifies labor mobility costs in developing countries and simulates the implied adjustment paths of employment and wages following a change in trade policy. High mobility costs are shown to reduce the potential gains to trade reform.

Author : Peter B. Doeringer,Michael J. Piore
Publisher : Routledge
Page : 219 pages
File Size : 55,7 Mb
Release : 2020-08-26
Category : Business & Economics
ISBN : 9781000161274

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Internal Labor Markets and Manpower Analysis by Peter B. Doeringer,Michael J. Piore Pdf

This book provides a description of a number of institutional features of the U.S. labor market and prompts an analytical debate about the origins of the institutions it describes and their significance for the operation of the U.S. economic system.

Author : Peter Chinloy,Ernst Stromsdorfer
Publisher : Springer Science & Business Media
Page : 270 pages
File Size : 40,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400932517

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Labor Market Adjustments in the Pacific Basin by Peter Chinloy,Ernst Stromsdorfer Pdf

Peter T. Chinloy and Ernst W. Stromsdorfer I. Background to Adjustments in Labor Markets The book examines the process of adjustment in labor markets across countries arising from external shocks and shifts in international competi tiveness. The examination of specific countries and their data permits a comparison of alternative institutions for compensating and redeploying labor. Four countries are involved, whose labor markets are both competi tive and complementary: Canada, Japan, Mexico, and the United States. Both public labor market institutions, such as direct government com~ pensation of displaced workers and the effect of unemployment insurance, and private market arrangements, such as em loyer-employee agreements on layoffs, the work contract, and severance pay, are considered. Compara tive examination across countries of labor market and related insitutions is thus possible. The book has a common theme, namely the adjustment of labor markets to exogenous shocks, particularly those externally induced. The unifying focus in on workers whose specific skills in an industry or firm render them relatively immobile.

Author : Susan Horton,S. M. Ravi Kanbur,Dipak Mazumdar
Publisher : World Bank Publications
Page : 650 pages
File Size : 44,9 Mb
Release : 1994
Category : Business & Economics
ISBN : UOM:39015032201819

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Labor Markets in an Era of Adjustment: Case studies by Susan Horton,S. M. Ravi Kanbur,Dipak Mazumdar Pdf

World Bank Discussion Paper 245. Experience shows that literacy levels are much more easily raised in children than in adults. Literacy is not easily transmitted to adults, and skills of neoliterates are not stable--a problem which can lower the effectiveness rate of literacy projects to as little as 12 or 15 percent. The World Bank now rarely funds these projects, but it is seeking a new strategy for meeting the challenges presented by adult literacy. To find causes for the low effectiveness of programs, a Bank team conducted two literature reviews on literacy in general and on the cognitive correlations of age and performance. The editor presents their findings, pointing to the major obstacles to and determinants of adult literacy, and suggests effective instructional methods. The team also emphasizes the need for more research on the subject.

Author : Susan Horton
Publisher : Unknown
Page : 404 pages
File Size : 48,8 Mb
Release : 1994
Category : Economic stabilization
ISBN : UCSD:31822018791376

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Labor Markets in an Era of Adjustment: Issues papers by Susan Horton Pdf

Author : Mai Dao,Davide Furceri,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 51 pages
File Size : 46,5 Mb
Release : 2014-11-25
Category : Business & Economics
ISBN : 9781498302715

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Regional Labor Market Adjustments in the United States by Mai Dao,Davide Furceri,Mr.Prakash Loungani Pdf

We examine patterns of regional adjustments to shocks in the US during the past four decades. We find that the response of interstate migration to relative labor market conditions has decreased, while the role of the unemployment rate as absorber of regional shocks has increased. However, the response of net migration to regional shocks is stronger during aggregate downturns and increased particularly during the Great Recession. We offer a potential explanation for the cyclical pattern of migration response based on the variation in consumption risk sharing.

Author : Pierre-Richard Agénor,Joshua Aizenman
Publisher : Unknown
Page : 60 pages
File Size : 53,7 Mb
Release : 1994
Category : Fiscal policy
ISBN : UCSD:31822019114909

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Macroeconomic Adjustment with Segmented Labor Markets by Pierre-Richard Agénor,Joshua Aizenman Pdf

This paper analyzes the macroeconomic effects of fiscal and labor market policies in a small open developing country. The basic framework considers an economy with a large informal production sector and a heterogeneous work force. The labor market is segmented as a result of efficiency considerations and minimum wage laws. The basic model is then extended to account for unemployment benefits, income taxation, and imperfect labor mobility across sectors. Under the assumption of perfect labor mobility, we show that a permanent reduction in government spending on nontraded goods leads in the long run to a depreciation of the real exchange rate, a fall in the market-clearing wage for unskilled labor, an increase in output of traded goods, and a lower stock of net foreign assets. A permanent reduction in the minimum wage for unskilled workers improves competitiveness, and expands the formal sector at the expense of the informal sector. Hence, in a two-sector economy in which the minimum wage is enforced only in the formal sector and wages in one segment of the labor market are competitively determined, efficiency wage considerations do not alter the standard neoclassical presumption. A reduction in unemployment benefits is also shown to have a positive effect on output of tradable goods by lowering both the level of efficiency wages and the employment rent of skilled workers.

Author : Gordon Betcherman,Rizwanul Islam
Publisher : World Bank Publications
Page : 516 pages
File Size : 46,6 Mb
Release : 2001
Category : Political Science
ISBN : 0821344781

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East Asian Labor Markets and the Economic Crisis by Gordon Betcherman,Rizwanul Islam Pdf

This book looks at the impacts of the Asian economic crisis on the labor market, examining how various countries respondedIt identifies the labour policy reforms needed in areas of unemployment benefit, active labour market programs, support for vulnerable groups and social dialogue.

Author : D. Greenaway,R. Upward,P. Wright
Publisher : Springer
Page : 215 pages
File Size : 50,9 Mb
Release : 2008-04-17
Category : Business & Economics
ISBN : 9780230582385

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Globalisation and Labour Market Adjustment by D. Greenaway,R. Upward,P. Wright Pdf

Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic. Workers feel less secure in their jobs and fear wage losses and unemployment. This book explores these issues, and asks whether the concerns are warranted.

Author : Mai Dao,Davide Furceri,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 38 pages
File Size : 46,5 Mb
Release : 2014-02-11
Category : Business & Economics
ISBN : 9781475598476

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Regional Labor Market Adjustments in the United States and Europe by Mai Dao,Davide Furceri,Mr.Prakash Loungani Pdf

We examine patterns of regional adjustments to shocks in the US during the past 40 years. Using state-level data, we estimate the dynamic response of regional employment, unemployment, participation rates and net migration to state-relative labor demand shocks. We find that (i) the long-run effect of a state-specific shock on the state employment level has decreased over time, suggesting less overall net migration in response to a regional shock, (ii) the role of the participation rate as absorber of regional shocks has increased, (iii) the response of net migration to regional shocks is stronger, while that of relative unemployment is weaker during aggregate downturns, and (iv) the change in the response intensity of migration is related to the declining trend in regional dispersion of labor market conditions. Finally, using regional data for a set of 21 European countries, we show that while the short-term response of participation rates to labor demand shocks is typically larger in Europe than in the US, the immediate response of net migration in Europe has increased over time.

Author : Jouke van Dijk,H. Folmer,Henry W. Herzog Jr.,Alan M. Schlottmann
Publisher : Springer Science & Business Media
Page : 306 pages
File Size : 43,6 Mb
Release : 2013-03-14
Category : Business & Economics
ISBN : 9789401578462

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Migration and Labor Market Adjustment by Jouke van Dijk,H. Folmer,Henry W. Herzog Jr.,Alan M. Schlottmann Pdf