The Perverse Effects Of Partial Labor Market Reform

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The Perverse Effects of Partial Labor Market Reform

Olivier J. Blanchard,Augustin Landier
The Perverse Effects of Partial Labor Market Reform Book PDF

Author : Olivier J. Blanchard,Augustin Landier
Publisher : Unknown
Page : 43 pages
File Size : 42,8 Mb
Release : 2001
Category : Economics
ISBN : OCLC:248541204

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The Perverse Effects of Partial Labor Market Reform by Olivier J. Blanchard,Augustin Landier Pdf

Rather than decrease firing costs across the board, a number of European countries have allowed firms to hire workers on fixed-duration contracts. At the end of a given duration, these contracts can be terminated at little or no cost. If workers are kept on however, the contracts become subject to regular firing costs. We argue in this paper that the effects of such a partial reform of employment protection may be perverse. The main effect may be high turnover in fixed-duration jobs, leading in turn to higher, not lower, unemployment. And, even if unemployment comes down, workers may actually be worse off, going through many spells of unemployment and fixed duration jobs, before obtaining a regular job. Looking at French data for young workers since the early 1980s, we conclude that the reforms have substantially increased turnover, without a substantial reduction in unemployment duration. If anything, their effect on welfare of young workers appears to have been negative

Policy Complementarities

Mr.David T. Coe,Mr.Dennis J. Snower
Policy Complementarities Book PDF

Author : Mr.David T. Coe,Mr.Dennis J. Snower
Publisher : International Monetary Fund
Page : 40 pages
File Size : 45,7 Mb
Release : 1996-08-01
Category : Business & Economics
ISBN : 9781451951257

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Policy Complementarities by Mr.David T. Coe,Mr.Dennis J. Snower Pdf

This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.

Economic Reforms, Growth and Employment

Jürgen Weller,United Nations. Economic Commission for Latin America and the Caribbean
Economic Reforms Growth and Employment Book PDF

Author : Jürgen Weller,United Nations. Economic Commission for Latin America and the Caribbean
Publisher : Santiago, Chile : ECLAC
Page : 228 pages
File Size : 42,7 Mb
Release : 2001
Category : Capital market
ISBN : UCSD:31822029884756

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Economic Reforms, Growth and Employment by Jürgen Weller,United Nations. Economic Commission for Latin America and the Caribbean Pdf

In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Analysing the impact of the reforms on employment it is argued that expectations were not fulfilled with respect to the operation of the labour markets. The reforms limited the expansion of employment in some sectors, particularly in tradeable goods. They also created a bias in labour demad for better educated workers which exacerbates inequality. It is thus made clear that the region faces major challenges both in increasing the number of jobs and improving job equality.

Why Deregulate Labour Markets?

Gøsta Esping-Andersen,Marino Regini
Why Deregulate Labour Markets Book PDF

Author : Gøsta Esping-Andersen,Marino Regini
Publisher : OUP Oxford
Page : 378 pages
File Size : 50,9 Mb
Release : 2000-04-20
Category : Political Science
ISBN : 9780191522789

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Why Deregulate Labour Markets? by Gøsta Esping-Andersen,Marino Regini Pdf

Europe's mass unemployment and the call for extensive labour market de-regulation have, perhaps more than any other contemporary issue, impassioned political debate and academic research. With contributions from economists, political scientists and sociologists, Why Deregulate Labour Markets? takes a hard look at the empirical connections between unemployment and regulation in Europe today, utilizing both in-depth nation analyses and broader-based international comparisons. The book demonstrates that Europe's mass unemployment cannot be directly ascribed to excessive worker protection. Labour market rigidities can, however, be harmful for particular groups. The weight of the evidence suggests that a radical strategy of de-regulation would probably cause more harm than benefits for European economic performance.

The Labor Market and Economic Adjustment

Pierre-Richard Agénor
The Labor Market and Economic Adjustment Book PDF

Author : Pierre-Richard Agénor
Publisher : International Monetary Fund
Page : 98 pages
File Size : 55,8 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.

Economic Policy Reforms 2007 Going for Growth

OECD
Economic Policy Reforms 2007 Going for Growth Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 180 pages
File Size : 44,6 Mb
Release : 2007-02-13
Category : Electronic
ISBN : 9789264030480

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Economic Policy Reforms 2007 Going for Growth by OECD Pdf

Based on a broad set of indicators of structural policies and performance, Going for Growth 2007 takes stock of the recent progress made in implementing policy reforms and identifies, for each OECD country, five policy priorities to lift growth.

The Spanish Labor Market in a Cross-Country Perspective

Ms.Florence Jaumotte
The Spanish Labor Market in a Cross Country Perspective Book PDF

Author : Ms.Florence Jaumotte
Publisher : International Monetary Fund
Page : 53 pages
File Size : 45,7 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781455211890

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The Spanish Labor Market in a Cross-Country Perspective by Ms.Florence Jaumotte Pdf

The Spanish labor market is not working: the unemployment rate is structurally very high; wages are not very responsive to labor market conditions, causing a high cyclicality of unemployment; and the labor market is highly dual. Compared with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining, which occurs mostly at an intermediate level, and by very high severance payments for permanent workers. Based on a quantitative analysis, the paper shows that moving away from the intermediate level of bargaining would go a long way toward bringing the unemployment rate closer to the EU15 average. The key reform needed to reduce the share of temporary workers is reducing employment protection of permanent workers. Substantially reforming the collective bargaining system and reducing the protection of permanent workers are likely to be highly complementary to secure a substantial reduction in the unemployment rate. The recent 2010 labor market reform attempts to address these issues, although its effects are still to materialize.

Handbook of Labour Market Policy in Advanced Democracies

Daniel Clegg,Niccolo Durazzi
Handbook of Labour Market Policy in Advanced Democracies Book PDF

Author : Daniel Clegg,Niccolo Durazzi
Publisher : Edward Elgar Publishing
Page : 567 pages
File Size : 51,7 Mb
Release : 2023-10-06
Category : Political Science
ISBN : 9781800880887

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Handbook of Labour Market Policy in Advanced Democracies by Daniel Clegg,Niccolo Durazzi Pdf

Bringing together contributions from leading labour market policy scholars from across the globe, this state-of-the-art Handbook offers extensive and compelling analyses of labour market policy in advanced democracies. This title contains one or more Open Access chapters.

Economic Policy Reforms 2012 Going for Growth

OECD
Economic Policy Reforms 2012 Going for Growth Book PDF

Author : OECD
Publisher : OECD Publishing
Page : 220 pages
File Size : 41,9 Mb
Release : 2012-02-24
Category : Electronic
ISBN : 9789264168442

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Economic Policy Reforms 2012 Going for Growth by OECD Pdf

Going for Growth is the OECD’s annual report highlighting developments in structural policies in OECD countries. It identifies structural reform priorities to boost real income for each OECD country and key emerging economies.

Handbook of Labor Economics

Orley Ashenfelter,David Card
Handbook of Labor Economics Book PDF

Author : Orley Ashenfelter,David Card
Publisher : Elsevier
Page : 1141 pages
File Size : 54,9 Mb
Release : 2010-12-14
Category : Business & Economics
ISBN : 9780444534521

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Handbook of Labor Economics by Orley Ashenfelter,David Card Pdf

A guide to the continually evolving field of labour economics.

The Chilean Labor Market

K. Sehnbruch
The Chilean Labor Market Book PDF

Author : K. Sehnbruch
Publisher : Springer
Page : 339 pages
File Size : 49,6 Mb
Release : 2006-09-02
Category : Business & Economics
ISBN : 9781403983640

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The Chilean Labor Market by K. Sehnbruch Pdf

Kirsten Sehnbruch uses the case study of Chile to show the failures and inner-working of neo-liberal labour policy. She shows in detail what the real policy issue should be, namely the creation of proper institutions and of a corps of competent professionals with relevant skills and powers to operate them.

Designing Labor Market Institutions in Emerging and Developing Economies

Mr.Romain A Duval,Mr.Prakash Loungani
Designing Labor Market Institutions in Emerging and Developing Economies Book PDF

Author : Mr.Romain A Duval,Mr.Prakash Loungani
Publisher : International Monetary Fund
Page : 58 pages
File Size : 47,9 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.

European Youth Labour Markets

Miguel Ángel Malo,Almudena Moreno Mínguez
European Youth Labour Markets Book PDF

Author : Miguel Ángel Malo,Almudena Moreno Mínguez
Publisher : Springer
Page : 258 pages
File Size : 44,5 Mb
Release : 2017-11-10
Category : Political Science
ISBN : 9783319682228

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European Youth Labour Markets by Miguel Ángel Malo,Almudena Moreno Mínguez Pdf

This timely analysis examines the complex state of youth unemployment across Europe and offers cogent policy suggestions for addressing this longstanding societal problem. The findings reveal numerous national and regional factors affecting youth joblessness—not only market and economic challenges, but also deep sociocultural and political dynamics underlying the situations. Coverage details how the standard transition from school to work is disrupted in an already depressed adult job market, and compares a wide range of responses in terms of both young people’s educational decision-making and national youth policy. In particular, contributors assess whether the current crop of Youth Guarantee programs can/should be a model for employment policy across the continent. Among the topics covered: Youth labour market prospects and recent policy developments. Youth labour market in Central and Eastern Europe. Early school dropout in Spain: evolution during the Great Recession. Overeducation among European university graduates: a constraint or a choice? Promoting youth employment in Europe: evidence-based policy lessons. The evaluation of a Finnish youth guarantee: lessons for Europe? European Youth Labour Markets is of interest to an international audience of economists, sociologists, and leaders in governmental, non-profit, and corporate sectors through its broad and comparative macroeconomic focus and implications for policymaking, research, resource allocation, and policy evaluation.

Labor Market Duality in Korea

Johanna Schauer
Labor Market Duality in Korea Book PDF

Author : Johanna Schauer
Publisher : International Monetary Fund
Page : 36 pages
File Size : 47,5 Mb
Release : 2018-06-01
Category : Business & Economics
ISBN : 9781484357934

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Labor Market Duality in Korea by Johanna Schauer Pdf

Labor market duality is a complex and critical issue for many countries that can lower productivity, contribute to inequality and result in negative externalities. In this paper, I study duality in the Korean labor market and analyze its sources and potential policy options. I find that employment protection legislations and large productivity differentials are the key drivers of Korea’s duality. In addition, applying a general equilibrium search-and-matching model and calibrating it to the Korean economy, I show that well-calibrated flexicurity policies can significantly reduce duality and inequality and raise welfare and productivity. Notably, the introduction of all three pillars—flexiblity, a strong safety net and active labor market policies—is critical for its success. If only one pillar is introduced it can result in negative side-effects and might not reduce duality.

Jobs and Growth

Mr.Martin Schindler,Mr.Helge Berger,Mr.Bas B. Bakker,Mr.Antonio Spilimbergo
Jobs and Growth Book PDF

Author : Mr.Martin Schindler,Mr.Helge Berger,Mr.Bas B. Bakker,Mr.Antonio Spilimbergo
Publisher : International Monetary Fund
Page : 284 pages
File Size : 42,7 Mb
Release : 2014-04-10
Category : Business & Economics
ISBN : 9781484304464

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Jobs and Growth by Mr.Martin Schindler,Mr.Helge Berger,Mr.Bas B. Bakker,Mr.Antonio Spilimbergo Pdf

Five years after the onset of the global financial crisis, Europe’s economy is still fragile. Notwithstanding recent positive signs amid calmer financial markets, medium-term growth is likely to remain frail owing to continuing weaknesses and vulnerabilities at the country level and in the fabric of European institutions and banks, especially in the euro area. In addition, unemployment in many countries has reached very high levels. The IMF research collected in this volume provides a number of guideposts that offer an opportunity for stronger and better-balanced growth and employment in Europe after what has been a long and dismal period of crisis.