Download or read book Real Wage Labor Productivity and Employment Trends in South Africa written by Nir Klein and published by International Monetary Fund. This book was released on 2012-04-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job-shedding observed during the recent financial crisis. The paper finds that the rapid growth of the real wage, which outpaced the labor productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while there is a co-integrating link between the real wage and labor productivity, the deviations from equilibrium are persistent and thus contribute to a weak link between real wage growth and labor productivity growth in the short term. This finding is also supported by a cross-country analysis, which shows that in South Africa the link between the real wage and labor productivity is substantially weaker than in other emerging markets, even after controlling for labor market tightness indicators.
Download or read book Wages and Employment in Africa written by Dipak Mazumdar and published by Routledge. This book was released on 2018-02-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002: Analyzing labour market trends in sub-Saharan Africa since 1970, this volume employs data collected from the International Labor Organization (ILO), United Nations Industrial Development Organisation (UNIDO) and World Bank (the RPED surveys). It examines the economics of the labour market against the presistent decline in real wages over some 20 years in some of these countries. Setting the African story against the background of wage-employment trends in other regions of the world, the author proceeds to examine the impact of this decline on the rural-urban earnings gap. The consequences of the declining wage levels on the lifetime earnings of workers and on trends in labour productivity are then discussed, followed by an analysis of the employment and wage structure in African manufacturing firms.
Download or read book Labour Market and Fiscal Policy Adjustments to Shocks written by Nombulelo Gumata and published by Springer. This book was released on 2017-12-18 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and financial stability. Evidence suggests there are benefits in adopting an approach that coordinates labour market policies and reforms, fiscal policy, price and financial stability. In particular, the benefits of coordinating policies present policymakers with policy options in cases where they are confronted by binding policy trade-offs and dilemmas, such as in cases when there is divergence in price and financial and economic growth outcomes. The empirical insights and policy recommendations are based on different techniques that include the counterfactual and endogenous-exogenous approaches, non-linearities introduced by thresholds and the impact of persistent and transitory shock effects. Themes covered in the book include various aspects of labour market conditions and reforms and their link to inflation and inflation expectations, the impact of the national minimum wage, the interaction between public and private sector wage inflation, economic policy uncertainty and employment, government debt thresholds, sovereign yields and debt ratings downgrades, labour productivity, the impact of inflation regimes on expansionary fiscal and monetary policy multipliers, the increase in government cost of funding on price and financial stability and the link between fiscal policy and credit dynamics.
Download or read book Analysis of Employment Real Wage and Productivity Trends in South Africa Since 1994 written by Martin Wittenberg and published by . This book was released on 2014 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: South Africa's transition to democracy in 1994 engendered expectations of rapid changes in racial and gender disparities in wages. Twenty years after the transition there are strong disagreements about whether there have been gains and how these have been distributed. In particular there are debates about whether wage increases have outstripped productivity increases.
Download or read book Disequilibrium in the Labor Market in South Africa written by Mr.Bankim Chadha and published by International Monetary Fund. This book was released on 1994-09-01 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Wage Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.
Download or read book Structural Transformation in Employment and Productivity written by Ms.Louise Fox and published by International Monetary Fund. This book was released on 2017-04-07 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides the most complete analysis of the structural transformation among low- and low-middle-income countries in sub-Saharan Africa to date.
Download or read book The South African Labour Market written by F. S. Barker and published by Van Schaik Publishers. This book was released on 2003 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of The South African Labour Market contains an abundance of information about the South African labour market.
Download or read book The South African Labour Market written by F. S. Barker and published by . This book was released on 2007 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book SALDRU Working Paper written by and published by . This book was released on 1997 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Fly in the Ointment written by Charles Meth and published by Southern Africa Labour & Development Research Unit. This book was released on 1997 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seeks to show that rising aggregate productivity is consistent with rising unemployment and falling absolute levels of total employment.
Download or read book Towards Employment Intensive Growth in South Africa written by Anthony Black and published by Juta and Company (Pty) Ltd. This book was released on 2016-07-01 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Apartheid Growth and Income Distribution in South Africa written by Mr.Tamim Bayoumi and published by International Monetary Fund. This book was released on 1991-12-01 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of a supply-side model of the nonprimary sectors, in which particular attention has been paid to modeling key characteristics of the evolution of the apartheid system, are presented. These imply that the wage differential between white and nonwhite workers doing similar jobs fell significantly over the last two decades to around 14 percent in 1990. This relatively small gap implies that medium-term prospects for the advancement of the disadvantaged groups in South Africa depend heavily on their ability to take up skilled employment, with the direct gains from the elimination of apartheid being relatively small.
Download or read book Africa s Got Work to Do written by Ms.Louise Fox and published by International Monetary Fund. This book was released on 2013-10-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of the current and future structure of employment in sub-Saharan Africa (2005–20) are obtained based on household survey estimates for 28 countries and an elasticity-type model that relates employment to economic growth and demographic outcomes. Agriculture still employs the majority of the labor force although workers are shifting slowly out of the sector. Sub-Saharan Africa’s projected rapid labor force growth, combined with a low baseline level of private sector wage employment, means that even if sub-Saharan Africa realizes another decade of strong growth, the share of labor force employed in private firms is not expected to rise substantially. Governments need to undertake measures to attract private enterprises that provide wage employment, but they also need to focus on improving productivity in the traditional and informal sectors as these will continue to absorb the majority of the labor force.
Download or read book The Labour Market and Decent Work Agenda in Southern Africa written by Mkhululi Ncube and published by ILO South-E Eam. This book was released on 2008 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Apartheid Growth and Income Distribution in South Africa written by Robert Corker and published by . This book was released on 1991 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The South African Labour Market written by F. S. Barker and published by . This book was released on 1999 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: This enlightening book contains an abundance of information about the South African labour market. It covers several significant developments, including a new democratic government, globalization, increasing rates of unemployment and the introduction of new laws.
